They will cut until they reach the point that the average consumer finally cries 'uncle' and starts to take on risk.
More Quotes from Bill Gross:
Too much debt, geopolitical risk and several bubbles have created a very unstable environment which can turn any minute, ... More than any point in the past 20 or 30 years, there's potential for a reversal.Bill Gross
What we're doing is kind of expanding upon the neighbor concept.
Bill Gross
His bark is worse than his bite. He's got a gruff exterior but underneath is a heart of gold.
Bill Gross
If the economy slows down, if housing moves back down, then at some point late in 2006 the Fed starts to lower rates. That's why a 10-year note yield at 4.55 percent is a decent value as opposed to overvalued.
Bill Gross
Is it any wonder that in the space of the last six months we have had headline speeches promoting the dangers of deflation only to be followed by fears of accelerating inflation
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
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