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PIMCO: Only A Recession Would Stop Us From Shorting U.S. Bonds

Posted 07.06.2011 | Business

PIMCO's Bill Gross, who runs the world's largest bond fund, said on Friday the only way he would reverse his "short" position on U.S. government-relat...

PIMCO Bets Against The Future Value Of U.S. Government Debt

Posted 06.11.2011 | Business

PIMCO has shifted to a short position in U.S. government-related debt in the world's largest bond fund, while also raising cash holdings in a sign of ...

WATCH: Don't Read Into PIMCO's Debt Dump

The Huffington Post | Yepoka Yeebo | Posted 05.25.2011 | Business

News of the world's biggest bond fund dumping U.S. government debt sparked fears on Wednesday that investors may have little faith in the recovery. ...

June 30 Could Be The Ides Of March

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

In a nutshell, the Fed's plan is to create a "wealth effect" by buying Treasuries. The theory here is as asset prices rise and consumers feel wealthier, they'll spend more, in turn helping to revitalize the economy.

PIMCO CIO Urges 'Gradually' Cutting Deficit

Reuters | Posted 05.25.2011 | Business

NEW YORK (Reuters) - Bill Gross, co-chief investment officer of PIMCO, the world's biggest bond fund manager, on Thursday urged lawmakers to cut the m...

On the Debt Ceiling, Silence is Golden: Let Wall Street Battle the Tea Party

Paul Abrams | Posted 05.25.2011 | Politics
Paul Abrams

The Senate should pass a typical debt ceiling increase quickly and send it to the House. Then, sit back and let Wall Street lobbyists do battle with the Tea Party nutjobs they elected to Congress.

Why I'm Not Buying Banks

Pamela Rosenau | Posted 05.25.2011 | Business
Pamela Rosenau

We can all recall the first round of housing woes -- the subprime loans that blew up in everyone's faces. Well, the worm we thought we killed has grown back.

Billionaire Investor: Next Decade Will Be 'Just Be As Good As The 1990s' For Investors | Angus Whitley and Jacob Greber | Posted 05.25.2011 | Business

Sept. 28 (Bloomberg) -- The next decade will be as good for investors as the 1990s, said Ken Fisher, the billionaire chief executive officer of Fisher...

World's Largest Bond Firm Makes $8.1 Billion Bet Against Deflation | Mike Weiss | Posted 05.25.2011 | Business

Sept. 15 (Bloomberg) -- Bill Gross's Pacific Investment Management Co. made an $8.1 billion wager that the U.S. won't suffer a decade of deflation lik...

William Alden

Bond Billionaire: Fed's Policy Is A 'Brazen' 'Ponzi Scheme' | William Alden | Posted 05.25.2011 | Business

The Fed should stop meddling with the economy now, before it does more damage, say two top asset managers. The Fed Reserve Bank's quantitative easing...

Investors Want Bank Of America To Buy Back Bad Mortgages | Jody Shenn | Posted 05.25.2011 | Business

Oct. 19 (Bloomberg) -- Pacific Investment Management Co., BlackRock Inc. and the Federal Reserve Bank of New York are seeking to force Bank of America...

WATCH: Economists Take Two Extremely Different Views On U.S. Economy

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Bloomberg hosted the wonkish equivalent of the Ultimate Fighting Championship on Wednesday, which pitted a famously pessimistic economist against a fa...

'Club Fed': The Cozy Ties Between Fed And Big Investors

Reuters | Kristina Cooke, Pedro Da Costa and Emily Flitter | Posted 05.25.2011 | Business

The minutes from that same gathering of the powerful Federal Open Market Committee, or FOMC, are made available to the public -- but only after a thre...

Why Another Stimulus WON'T Be Enough

Mohamed A. El-Erian | Washington Post | Posted 05.25.2011 | Business

In sum, the current policy approaches here and abroad are unlikely to deliver a durable and robust U.S. recovery and, critically, create sufficient gr...

Shahien Nasiripour

Famed Investor Bill Gross Calls For Massive Taxpayer-Backed Mortgage Refinance Initiative | Shahien Nasiripour | Posted 05.25.2011 | Business

The head of the world's biggest bond fund, bemoaning the slow economic recovery, reignited debate Tuesday by publicly supporting a massive new refinan...

Fannie, Freddie Reform: The Government Needs To Continue Propping Up The Mortgage Market, Say Banking Execs

Posted 05.25.2011 | Business

WASHINGTON (AP, ALAN ZIBEL) -- The Obama administration invited banking executives Tuesday to offer advice on changing the government's role in the mo...

Fed's Policy 'Is Not Enough' To Spur Economy, Says Pimco Chief

CNBC | Posted 05.25.2011 | Business

Despite all the anticipation over today's Federal Reserve meeting, there's little else the central bank can do now to help the economy recover, Pimco'...

Even Wall Street Agrees: Government Should Borrow To Invest

Dave Johnson | Posted 05.25.2011 | Business
Dave Johnson

If our government "stimulus" continues to push consumption -- i.e. tax cuts -- instead of spending that invests in infrastructure, education and health care, things can only get worse.

Bill Gross, Bond Billionaire, Discusses 'Doo-Doo Stuff' In Letter To Investors

Posted 05.25.2011 | Business

Bill Gross, the billionaire founder of PIMCO, the world's largest bond investor, began his latest correspondence to investors with an extended discuss...

5 Reasons the U.S. Will "Probably" Default

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

The United States will probably default on its debt one day. There, I said it. Did I get your attention?

Lightening Beutner's Burden: The Impossible Battle of LA's Jobs Czar

Harry Moroz | Posted 05.25.2011 | Los Angeles
Harry Moroz

With the persistence of fiscal deterioration and skyscraper high unemployment, Congress must quickly pass urban jobs legislation. Restarting the economy is impossible without restarting its economic engines: cities.

Pimco's El-Erian: U.S. Economy Will Experience A 'Resetting' In 2010

BusinessWeek | Alison Vekshin | Posted 05.25.2011 | Business

Jan. 29 (Bloomberg) -- Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., said he expects the U.S. economy to experience ...

Bond Fund Goliath Pimco Hires Head Of Government's $700 Billion Tarp Program; Citizens Pick Up Your Slings!

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Pimco's hiring of Neel Kashkari is a slap in the face for a public who is sated with examples of government handouts to the undeserving and the revolving door coziness perpetuated at public expense and detriment.

The Key Question No One Asked About Goldman's Role In The AIG Bailout

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Did Goldman and the other banks know for certain that the bankruptcy of AIG was no longer a risk for them? That the Fed and Treasury were now irrevocably committed to saving AIG?

The Economy Is On A "Sugar High" And Its Growth, Fueled By Government Intervention, Is "Unsustainable," According To Famed Investor

Posted 05.25.2011 | Business

NEW YORK (AP -- BERNARD CONDON) -- Homes are selling at their fastest clip in nearly three years, the unemployment rate is falling and stocks are up 6...