if those people are holders of government bonds based upon a benign outlook for inflation, they had better cash some of them in, especially at today's 4.0 yield for 10-year Treasuries.
More Quotes from 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
Inflation and deflation in this levered world coexist nearly side-by-side,
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 fact is that GE is a conglomerate financed by a money machine -- its subsidiary GE Capital -- but, unlike Berkshire Hathaway, its foundation is vulnerable because its survival depends upon the confidence of outside investors,
Bill Gross
Debt and lack of pricing power is a dangerous combination, ... Gasoline and a match fall into the same category.
Bill Gross
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.
Bill Gross
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