Market Overview

Bill Gross Takes a More Bearish Tone on the Economy

If you’re unfamiliar with the name, Bill Gross is the co-founder of PIMCO, one of the largest fixed income managers in the world with more than $2 trillion in assets under management. Gross is known as “The Bond King” and is worth about $2 billion.

But Gross lives in the bond world - about the least sexy (and least understood) of investment products. His academic musings on the market don’t grab the attention of investors the same way a tweet from Icahn does but this tweet caught the attention of market students:

 

Posted-In: Bill Gross bonds Carl Icahn PIMCO The FedBonds Markets Best of Benzinga

 

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