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Bill Gross is a rather polarizing figure, but compared to Summers, I'd say he's a lot more "hands on" and experienced in the way that financial systems work - o
by 6stringmerc 11y ago
Bill Gross is a rather polarizing figure, but compared to Summers, I'd say he's a lot more "hands on" and experienced in the way that financial systems work - or don't. Here's his latest Janus newsletter / update:
https://www.janus.com/bill-gross-investment-outlook?utm_campaign=Bill%20Gross%20Feb%20IO&utm_medium=social%20&utm_source=twitter&utm_content=Bill_Gross_Feb https://www.janus.com/bill-gross-investment-outlook?utm_camp...
- mikeyouse 11y agoBill Gross makes money from high interest rates, he's been wrong for about 7 years now with regards to every one of his predictions (QE will cause high inflation, stopping QE will cause inflation, stopping QE will increase bond yields), I wouldn't take his advice too seriously.
- 6stringmerc 11y agoSavers are getting killed by no interest rates available in the market. He is no less wrong than the Federal Reserve saying that zero interest rate policy is good for growth, or that their policies aren't responsible for bubbles, etc, etc, etc.
- pessimizer 11y agoThe Federal Reserve having an opinion about the economy that is different from yours has nothing to do with Bill Gross being factually incorrect in every prediction he has made about the economy since the recession, and performing badly. You don't get to distribute wrongness equally between supply-side and demand-side people; that's not how reason works.
- 6stringmerc 11y agoWhat you call opinion I call active decision making, and while Gross hasn't "predicted" well, neither has the Federal Reserve, thus they are equivalent, practically speaking, in their efficacy. They balance each other out. But sure, grind that axe against his perspectives all you want, I've got my own CFA Level 3 Asset Manager guy that I follow closely.