Bill Gross from Pimco was just on CNBC. He seems to draw a lot of negative attention all over for talking his book. The most recent commentary I read (I'm sorry I don't recall where this was) said that when he says yields are probably going lower, as he often does, it's because he needs the world to buy bonds from him.
I do not know how true that really is. Don't mistake this for a naive no he isn't argument, I am saying I do not know. I will say that if he is doing this, shame on him.
A knock on the argument that he is devoted to talking his book would be to ask why he would want to talk his book at the expense of his reputation for being wrong. Does being wrong matter?
The reality of this is subject to debate but I do know his track record for trying to predict the stock market is terrible.
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Hey, Roger,
Bill Cara had a missive against Mr. Gross in his post entitled, "Bond King is a tool of capital destruction, Wed. Mar. 8, 12:08 AM" http://www.billcara.com/archives/2006/03/bond_king_is_a.html#more. Is that the one you had in mind?
bingo Suresh!
Thank you
See Thoughts On Bill Gross
hey PC, great work!
I agree with you in regards to Mr Gross. Another area that seems to come out of his pie hole frequently is Mr. Gross' blind support of the more radical wing of the Democratic Party. Is he a Soros wannabee?
You would think he would prefer to fantasize about being James BOND.
pie hole?
hoot hoot
in hysterics
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