In his monthly letter to investors, Gross, who heads fixed-income giant Pimco and its USD two trillion in assets under management, uses unusually blunt language to convey his feelings about historically aggressive central bank easing measures.
A newly re-elected President Barack Obama will push for higher taxes - including a dividend-tax hike that will cause a substantial drop in stocks, Pimco's Bill Gross told CNBC Wednesday.
Were the US to include its current entitlement program liabilities and US government bonds, the country would have an eye-popping debt burden that dwarfs Greece and could engulf the economy in a "ring of fire", Pimco founder Bill Gross said on CNBC`s "Street Signs" on Tuesday.
Pimco has been selling some of its Treasury holdings and is putting money into what the world`s central banks plan to buy, founder Bill Gross told CNBC`s "Street Signs" on Wednesday.
Bill Gross latest message to investors - don't put your money into Europe because they are not going to get out of their debt crisis any time soon.
Pimco bond maven Bill Gross tempered his dour outlook for stocks, telling CNBC on Wednesday that equity bulls "should expect less" from a market bound to be undermined by slowing global growth that will lower returns.
Stocks will no longer generate the kinds of returns they`ve had over the past century, ending the "cult of equity" that has been Wall Street`s mantra for generations, Bill Gross, managing director at bond giant Pimco, says in his monthly market analysis.
Investors looking to preserve their purchasing power will have to avoid Treasurys and put their money in "real assets" such as stocks and real estate, Bill Gross, Pimco co-founder, told CNBC's "Closing Bell" on Monday.
Bill Gross, the world's biggest bond fund manager at Pimco, said the US is the least bad choice in a poor global investment environment, but this could change if Washington doesn`t get control of the nation`s fiscal situation.
Bill Gross, the world's biggest bond fund manager at PIMCO, said the United States is the least bad choice in a poor global investment environment, but this could change if Washington doesn't get control of the nation's fiscal situation.
Investors have little choice now but to cling to low-yielding US government debt as European leaders ponder a messy Greek exit from the euro zone, Pimco's Bill Gross told CNBC.