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Bill Gross's Investment Outlook For February: Happiness Runs
This is too bizarre, even for Mr. Gross. Skip to the last paragraph, like most of his wanderings. Translation..."Don't fight the Fed. Rates will remain artificially low for some time". Here is a great case for ignoring the celebrity status of a manager.
"Time present and time past Are both perhaps present in time future And time future contained in time past. If all time is eternally present All time is unredeemable."
Hi @BobC From Mr. Gross.......the expansion of central bank balance sheets from perhaps $2 trillion in 2003 to a now gargantuan $12 trillion at the end of 2016 is remarkable. Not only did central banks buy $10 trillion of bonds, but they lowered policy rates to near 0% and in some cases, negative yields. >>>Apparently the notations from Mr. Gross regarding central bank balance sheets and related central bank thoughts from Mr. Gross, have no barring upon anything we investors should concern ourselves. The phrase of the day going forward thus becomes: "Please move along folks, there is nothing to see here." Regards, Catch
"Time present and time past Are both perhaps present in time future And time future contained in time past. If all time is eternally present All time is unredeemable."
I don't think I want poets managing my money
Hey @sma3 - The feeling's mutual. I don't want money managers writing my poetry either.
It's apocryphally repeated among English majors that when, in the late 1950s, some professors (Yale, I believe) drove up to the Hartford accident and indemnity insurance company where the great poet Wallace Stevens had worked for 40y until his recent death, to collect papers and other pertinent whatnot from his VP office, his longtime secretary responded to their introduction with "Wally? Poetry?"
Please help me understand. If rates increase, dollar increases correct? Because it pays more interest to hold dollars, right? First, that means emerging market stocks have to suffer, I think. Given Trump is talking down the dollar, regardless of whether one is Gross-ed out or not, isn't he right when saying rates will stay artificially low for a while?
@davidrmoran Don't forget Elliot worked at Lloyd's before Faber and Faber so he certainly knew something of the time value of money... He also hung around a bit with Keynes in Bloomsbury although I am sure the real members of that "set" found him unbearable personally Things change- I could never convince my poet son to take an economics course
Understand that I do not pooh-pooh the large increase in central bank balance sheets. It is real and we should be concerned. But this is not some fact that Mr. Gross mysteriously found. It's been discussed for years. So, yeah, move along.
Right (Bloomsbury). Though I imagine being found unbearable by that crowd, or most of its members, might be an honor.
I insisted my kids take a range, since we were paying, so the econ whiz took lit, art history and music history, and the art history one took music history and, wait, maybe she avoided econ ... :|
Comments
"Time present and time past
Are both perhaps present in time future
And time future contained in time past.
If all time is eternally present
All time is unredeemable."
I don't think I want poets managing my money
From Mr. Gross.......the expansion of central bank balance sheets from perhaps $2 trillion in 2003 to a now gargantuan $12 trillion at the end of 2016 is remarkable. Not only did central banks buy $10 trillion of bonds, but they lowered policy rates to near 0%
and in some cases, negative yields.
>>>Apparently the notations from Mr. Gross regarding central bank balance sheets and related central bank thoughts from Mr. Gross, have no barring upon anything we investors should concern ourselves.
The phrase of the day going forward thus becomes: "Please move along folks, there is nothing to see here."
Regards,
Catch
I don't want money managers writing my poetry either.
Things change- I could never convince my poet son to take an economics course
My new favorite song!!
Right (Bloomsbury). Though I imagine being found unbearable by that crowd, or most of its members, might be an honor.
I insisted my kids take a range, since we were paying, so the econ whiz took lit, art history and music history, and the art history one took music history and, wait, maybe she avoided econ ... :|