Bill Gross on Weak Credit: Do Not Pass Go

It might sound like an oversimplification to discuss the current state of the credit markets in terms of a Monopoly game, but that’s exactly what Janus fund manager William Gross does in a recent Barron’s article. In particular, Gross compares a player’s passing of “Go” and collection of $200 as representing “new credit that is responsible for the ongoing health of our finance-based economy.” Without it, he argues, “economic growth moves in reverse and individual… Read More

Investors Should Adjust Return Expectations Says Janus’ Gross

Investors have a better chance of seeing a repeat of the past 40-years on the planet Mars than they do here on earth, says William Gross, manager of the Janus Global Unconstrained Bond fund (JUCTX). In his recent Barron’s article, Gross argues that fund managers know they’ve had a great run given decades of high bond returns amidst low volatility. Even during significant bear markets (like the early 80’s), he notes, 30-year Treasury yields reached… Read More

Gross Talks "New Neutral"

In the aftermath of the 2008 financial crisis, bond guru Bill Gross spoke of a “New Normal” for US economic growth. Now he’s talking about the “New Neutral” for interest rates, and the impact it will have on investors.

Roundtable: Gross, Herro, Cohen And Others On What To Expect In 2015

A number of the world’s top investment strategists recently gathered for Barron’s annual roundtable to offer their thoughts on where the economy and markets are heading. David Herro, Abby Joseph Cohen, Bill Gross, and Marc Faber were among those who participated, and overall the mood was subdued. “On the whole, they expect interest rates to stay unnaturally low, and the U.S. to lead the world in economic growth,” writes Barron’s Lauren R. Rublin. “Yet, they… Read More

Gross: The End Is Near

Bond guru Bill Gross says that the good times are over for investors, and is indicating that he believes the bull market will end sometime this year.