It is in the best interest of the company, its employees and investors, that we not proceed with the offering during this volatile time,
More Quotes from Bill Gross:
Without a blockbuster of a program in his second term it is unlikely that Bush can go very far in the history books on the back of a paltry 3 or 4 percentage point tax cut for the rich.Bill Gross
If he continues to believe that a flat curve is indicative of economic weakness, the hand-off may be one in which we stop at 4.5 percent.
Bill Gross
So, the lower inflation goes and the more and more investors believe that inflation will stay low, the better it is for the bond market.
Bill Gross
It's not a great time for high yield.
Bill Gross
Emerging-market bond funds did well this quarter, up 3.6 on average, for the same reason as emerging-market stocks. As commodity prices rose, money from the developed world flooded such commodity-rich countries as Russia and Brazil, strengthening their fiscal balance sheets and the credit quality of their bonds. Consequently, investors became less fearful of owning them. Many so-called emerging markets have long since emerged, ... Russia now has an investment-grade credit rating and with oil where it is right now, probably more money in the bank than the U. S.
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
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