Everything comes at a cost, including the Fed's low rate policy and multiple rounds of monetary easing.
Not one to pass up a good musical reference, noted bond guru and Pimco managing director Bill Gross' latest missive is aptly titled "Money for Nothin' Writing checks for free" in a nod to Dire Straits. In the past, Gross has cited The Beatles and Flavor Flav in pieces.
In his first investment outlook MORECatherine Tymkiw - Jan 3, 2013 1:46 PM ET
The fiscal cliff may be the biggest short-term threat for the market, but there are even scarier problems to worry about, according to Pimco chief investment strategist Bill Gross.
In his latest letter to investors, posted online Tuesday, Gross outlines the long-term challenges facing the U.S economy and lists his "picks and pans" for investors operating in the so-called New Normal.
The New Normal, a term made famous by Pimco CEO Mohamed MOREBen Rooney - Dec 4, 2012 12:25 PM ET
What do Federal Reserve chairman Ben Bernanke and Flavor Flav have in common?
Yet, the 90s-era hype-man turned reality TV star, or at least his signature over-sized clock medallion, makes an unlikely appearance in Bill Gross's latest musings on Fed policy.
In a Thursday letter to investors, the Pimco founder conjures up a Genie "with a 10-inch diameter Flavor Flav clock hanging ceremoniously around his neck," complete with sunglasses and MOREBen Rooney - Nov 1, 2012 11:49 AM ET
The Bond King came out swinging against the most recent easing plans out of the Federal Reserve and European Central Banks on Twitter late Monday.
Gross: Central banks are where bad bonds go to die. Sell bad bonds, buy good ones. Investing sometimes can be very simple.
— PIMCO (@PIMCO) September 17, 2012
The comments from Bill Gross, founder of investing firm Pimco, come just days after the Fed unveiled its plan for MOREHibah Yousuf - Sep 18, 2012 1:53 PM ET
The world's largest bond investor took to Twitter Monday to air his gripes about Paul Ryan, the newly chosen Republican vice presidential candidate.
GROSS: Do bond markets take heart from Ryan selection? Not me. He talks lower deficits but really believes in lower taxes – exact opposite.
— PIMCO (@PIMCO) August 13, 2012
The comments from Bill Gross, founder of investing firm Pimco, show the challenges that Ryan may face when trying to convince MOREHibah Yousuf - Aug 13, 2012 3:58 PM ET
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