PIMCO’s Gross Warns Fed’s ‘Helicopter Ben’ on Lending
PIMCO Chairman Bill Gross warned that the Fed’s ‘showering of money’ on the economy to combat deflation may end up harming long-term lending.
PIMCO’s Gross ‘Crying in His Beer’ on Anti-Treasury Bet
Gross said in an interview, “When you’re underperforming the index, you go home at night and cry in your beer. It’s not fun, but who said this business should be fun. We’re too well paid to hang our heads and say boo-hoo.”