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Posts Tagged ‘PIMCO’

Too Big To Sell

March 4th, 2015 by Kurt L. Smith

As a long-time reader you know that I believe the bear market in Bonds began in June 2012. This is a “considerable” length of time ago, to use the parlance of the Federal Reserve, but when you are describing the end of an almost thirty year bull market run for Bonds, well, the longer they are, the harder they fall. (more…)

Now It Gets Interesting

November 3rd, 2014 by Kurt L. Smith

The Dow shed 1500 points last month and all of a sudden we can focus on something other than congratulating policymakers on keeping stock prices high and bond yields low.  The financial world has been changing in rather dramatic ways but as long as stocks levitated and defied gravity no one seemed to care. (more…)

Big Bill Takes A Walk

October 9th, 2014 by Kurt L. Smith

Bill Gross leaving PIMCO is beyond newsworthy.  While one expects to see successful founders, particularly billionaires, decide to hang it up and go do something different, Big Bill didn’t do that.  Big Bill dropped a bombshell: he’s moving to Janus.

 

Big Bill was not a superstar in money management; he is a supernova.  Like Peter Lynch of Fidelity’s Magellan mutual fund, Big Bill became a brand, the face of an entire asset class.  And because everything is bigger in Bonds, Big Bill brought in big money, as in a trillion dollars or two.  Big Bill is considered The Bond King! (more…)

NEWS FEED

The $247 trillion global debt bomb washingtonpost.com/opinions/the-2…