When you have kidney stones, you don't give much of a damn about the view,
More Quotes from 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
As long as the stock market does what it does, and keeps going up, the wealth effect is going to transmit into a fairly strong U.S. economy and preclude the Fed from easing rates,
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
They will cut until they reach the point that the average consumer finally cries 'uncle' and starts to take on risk.
Bill Gross
The Fed knows that the economy is in terrible shape and that they must bring down short-term rates to the level of inflation. If inflation keeps coming down, the Fed, to a certain extent, has to chase inflation.
Bill Gross
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.
Bill Gross
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