As long as the stock market does what it does, and keeps going up, the wealth effect is going to transmit into a fairly strong U.S. economy and preclude the Fed from easing rates,
More Quotes from Bill Gross:
I view him favorably, especially his views on inflation targeting,Bill Gross
Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent. We know they can go down. But five years ago, we thought they could only go up.
Bill Gross
I think we'll have a lot more coming in. And it's only the first year of operation. Not a lot of people know about the program.
Bill Gross
The market can move for irrational reasons, and you have to be prepared for that, ... you need to make big bets when the odds are in your favor -- not big enough to ruin you, but big enough to make a difference.
Bill Gross
Companies have been diluting your equity via stock options claiming that management needs incentives of millions of dollars just to get up in the morning and come in to work, ... Then they pick you off by trading on insider information, selling shares before the bad news hits and you have a chance to get out.
Bill Gross
The market needs to yield close to 3.5 percent before it approaches fair value, and that means Dow 5,000,
Bill Gross
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Based on Topics: Money & Wealth QuotesWhen good Americans die they go to Paris.
Oscar Wilde
We'd play at the Ambassador's house for an invited group of dignitaries from the government that might have gone to school in America; to the U.S. Consulate that invites certain people that they're trying to target.
Bob Livingston
An autobiography usually reveals nothing bad about its writer except his memory.
Franklin P. Jones