By the time 10-year and 2-year Treasuries reach parity, as is almost the case now, the economy is typically slowing and the Fed is at or near the end of its tightening cycle, ... We are due for what appears to be a 2 percent or less Gross Domestic Product growth rate in 2006, a rate sure to stop the Fed and to induce eventual ease at some point later in the year.
More Quotes from 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
Beyond that, some Treasury market participants worry that with recovery, inflation will pick up. In a note this week replete with (groan) Star Wars ... current long bond yields do not reflect this risk.
Bill Gross
Inflation and deflation in this levered world coexist nearly side-by-side,
Bill Gross
With all this consumer debt, business debt, government debt, smaller movements in interest rates have a magnified effect... a small movement can tip the boat.
Bill Gross
This is a market of disparate opinions and therefore increasing opportunities for those who get it right. We hope to be one.
Bill Gross
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