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Here’s a clip of Bill Gross talking about this mornings worse than expect jobs data. He also talks of a generational shift in the way American’s handle money (ie: aggressive spending to conservative saving). According to Gross this will probably lead to stagnate growth for years to come.
Here’s a short clip that has Bill Gross talking about the possibility of a U.S. debt downgrade in the near future. A debt downgrade would increase the cost the U.S. has to pay to borrow money. It would also have a negative impact on the value of the dollar which would lead to [...] In general, about 90% of the guests appearing on CNBC are relatively worthless. There are some exceptions though. PIMCO’s Bill Gross is probably one of the smartest investors on the planet and it pays to listen carefully to what he says. Here’s his most recent interview where he gives insight into the economy and what [...] |
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