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Aug 20, 2011

PIMCO: Treasury mkt reflects likelihood of recession

NEW YORK (Reuters) – Bill Gross, manager of the world’s largest bond fund, said on Friday the decline in Treasury yields to 60-year lows reflect a high probability of recession in the United States.

Gross, the co-chief investment officer at Pacific Investment Management Co., which oversees $1.2 trillion, also told Reuters Insider television the U.S. is running out of monetary and fiscal policy options.

Aug 19, 2011

PIMCO: Treasuries reflect likelihood of recession

NEW YORK (Reuters) – Bill Gross, manager of the world’s largest bond fund, said on Friday the decline in Treasury yields to 60-year lows reflect a high probability of recession in the United States.

Gross, the co-chief investment officer at Pacific Investment Management Co., which oversees $1.2 trillion, also told Reuters Insider television the U.S. is running out of monetary and fiscal policy options.

Jul 16, 2010

Soros says US bank reform “good” but “too early”

, July 16 (Reuters) – Billionaire
investor George Soros on Friday said the just-passed U.S.
financial overhaul bill will impose new regulations on the
banking system before the banks have recovered sufficiently to
cope with new restrictions on their activities.

“The banking system still needs to earn its way out of a
hole,” Soros said at a panel discussion at the Hamptons
Institute in East Hampton, New York.
For Reuters Insider video: link.reuters.com/nyz87m

Feb 18, 2010

Pimco says Fed move not start of tightening cycle

NEW YORK, Feb 18 (Reuters) – The Federal Reserve’s surprise
move on Thursday to raise the interest rate it charges banks
for emergency loans does not mean that a full-fledged
tightening cycle has begun, the manager of Pimco, the world’s
biggest bond fund, told Reuters.

“I don’t think it’s the beginning, really, of a tightening
from the standpoint of monetary policy,” Bill Gross told
Reuters Insider television soon after the Fed’s decision. “I
don’t think it is the beginning of an increase in the fed funds
rate or in terms of interest on reserves that has been
discussed as well.”