Home› Precious Metals

Quote of the Day from Bill Gross

Comments

  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    Talk about being in the fryin pan

    Steve
    Promote the Hobby
  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Mr. Bill Gross has an agenda to promote. He is all business and his speeches are meant to influence the value of PIMCO. He is quite good at it.

    Could it be that he has shorted his position and is trying to protect the investment?image
    Have a nice day
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>Mr. Bill Gross has an agenda to promote. He is all business and his speeches are meant to influence the value of PIMCO. He is quite good at it.

    Could it be that he has shorted his position and is trying to protect the investment?image >>


    Or could it be that he is explaining why he dumped the bonds? His agenda is to make money, I'm sure he feels dumping US Treasuries is a good way to accomplish that.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭


    << <i>Talk about being in the fryin pan

    Steve >>



    we already knew that for the most part image
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The US is probably in worse shape financially "on paper" vs. Greece.

    But the US has a much larger economy, the world's reserve currency, the largest financial markets, the world's largest banks, the most gold, some of the largest natural resources known, and the world's largest military. Greece is about the size of Alabama and has about 1/40th the economic size. We also have $300 TRILL in otc derivative bets that Greece doesn't have.

    We also have a financial/economic system that the world is still addicted to. We can also print our own money without the world knowing about it right away. Sounds like the balance tips in our favor for now.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>The US is probably in worse shape financially "on paper" vs. Greece.

    But the US has a much larger economy, the world's reserve currency, the largest financial markets, the world's largest banks, the most gold, some of the largest natural resources known, and the world's largest military. Greece is about the size of Alabama and has about 1/40th the economic size. We also have $300 TRILL in otc derivative bets that Greece doesn't have.

    We also have a financial/economic system that the world is still addicted to. We can also print our own money without the world knowing about it right away. Sounds like the balance tips in our favor for now.

    roadrunner >>



    We also have the worlds most staggering and unprecedented debt level, which tells me we're in a free fall. It's the elephant in the room no one will talk about.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭
    Yields on 10yr paper in the US is the same as on 10yr paper in Germany.

    Obviously the markets are saying Germany is in the same shape as the US.image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • CoynCoyn Posts: 194
    But we also have a huge military which we never hesitate to use if there is a financial benefit for us or one of our sponsor corporations. Military support for financial needs has a history as old as the sword.
Sign In or Register to comment.