The year 2014 on Twitter moved at more than 9,000 tweets per second, or 58 million a day. That sheer volume of history crammed, for better or for worse, into text message-sized bits might as well span a decade.
Perhaps it is in that spirit that Bill Gross, chief investment officer of PIMCO at the time, pledged to press on until the age of 110.
“PIMCO’s fully engaged,” Gross said in a Jan. 21 tweet after news broke that CEO Mohamed El-Erian was resigning. “Batteries 110% charged. I’m ready to go for another 40 years!”
PIMCO has since deleted the tweet.
As the months wore on, leading to Gross’ dramatic exit from PIMCO to start an unconstrained bond fund at Janus, those 40 years began to take a different turn than he probably imagined.
Meanwhile, plenty of other events, big and small, lit up the Twittersphere in 2014. Here is a look back at some of the highlights.
Early in the year, Burt White, chief investment officer and managing director of research at LPL, shared one of his favorite economic indicators.
My fool-proof indicator of consumer strength: how far from #CheesecakeFactory I have to park at the mall. Today was past Sears! Retail is ok
— Burt White (@_BurtWhite) January 26, 2014
Federal Reserve watchers had plenty to talk about in 2014 as the central bank tapered and finally ended its quantitative easing (QE) bond purchases. On Valentine’s Day, Fed watchers penned some love notes, poems and cheesy pickup lines. Even the Federal Reserve Bank of Chicago got in on the fun. (Shameless plug: this writer did, too.)
Shall I compare thee to the dual mandate? Thou art as lovely, with a perfect discount rate #FedValentines
— ChicagoFed (@ChicagoFed) February 14, 2014
In February, Russia invaded Ukraine after it ousted pro-Russian President Viktor Yanukovych, annexing Crimea and throwing the region into a turmoil that has extended to Russia itself in the form of sanctions and low oil prices.
#Obama says #Putin will “pay a price.” But, guys like Putin & #JamieDimon never pay. Russian people & stockholders pay, but elites untouched
— Jim Rickards (@JamesGRickards) March 3, 2014
Buy on the Vote. Sell on the Invasion.