What it suggests this time is a 2 percent economy in 2006, as opposed to a recession.
More Quotes from Bill Gross:
They will cut until they reach the point that the average consumer finally cries 'uncle' and starts to take on risk.Bill Gross
When you have kidney stones, you don't give much of a damn about the view,
Bill Gross
I try to draw attention to where we were before the hurricane,
Bill Gross
Either way, ... we pay the price higher import costs, a cutback in spending on cheap foreign goods, rising inflation, perhaps chaotic financial markets, a lower standard of living.
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
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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Based on Topics: Time QuotesLet the world know you as you are, not as you think you should be, because sooner or later, if you are posing, you will forget the pose, and then where are you?
Fanny Brice
We should distrust any enterprise that requires new clothes.
Henry David Thoreau
This is unusual for me. I have given readings and not lectures. I have told people who ask for lectures that I have no lecture to give. And that is true.
V. S. Naipaul