PIMCO'S Gross sees U.S. economy on road to extinction

Comments (6)
DyingWorld wrote:

It definitely will go extinct at the rate that China is buying up American prized assets. By 2016, if our government do anything fundamentally solid to protect American interests, our citizens will be increasing in minimum wage jobs for “The Chinese Government” owned companies growing in the US. Suppression of the American people’s will will only bring devastating riots, protests and eventual destruction. When Japan woke up the “sleeping Dragon” what happened? We bombed 2 major cities in Japan. Suppress Americans too much and your mansions will not stand for very long either. The monetary system needs to be eliminated and equal distribution of “all global resources” must be used to benefit all of humanity OR we will meet our doom.

Jan 31, 2013 4:11pm EST  --  Report as abuse
ctman2 wrote:

Our multinationals morphed into transnationals with no allegiance to any country. They took the capital and jobs in the US and reallocated them to other countries diminishing our supply chain to the point that the US cannot support its previous lifestyle but is using borrowing to try to bridge the gulf for now in the hope that it somehow find a new source of wealth and revenue like the .Com era. The game will end when the dollar ends as the reserve currency and the gov cannot add to its global pool of dollars without igniting inflation. When that ends so does the endless borrowing we have seen so far. Give it another ten years or so………….

Jan 31, 2013 11:24pm EST  --  Report as abuse
jrj906202 wrote:

Bill Gross runs the world’s largest bond fund.Best to listen to him.This debt monster sounds like the population monster.I keep reading the “experts”,saying countries need a continuing larger young population,to support the retiring,older people.So,what is the end of that?Population,like debt,needs to just keep expanding,forever?What nonsense.

Feb 01, 2013 12:46pm EST  --  Report as abuse
ARJTurgot2 wrote:

“The end of credit markets will begin, said Gross, when assets offer too much risk and too little return, causing an investor exodus into alternatives such as cash or real assets.

Gross also held to a claim he made in an investment letter last August that returns on both stocks and bonds weaken over time.”

I hope he said more than this, and this interview was done on the fly, because there is NOTHING here. Really, investors don’t invest when the risk is too high and the return too low… who’da thunk.

Feb 01, 2013 11:11pm EST  --  Report as abuse

Mr Gross runs a bond fund, wherein his picks have to compete against the apparently bottomless bond fund run by Mr Bernanke. I am not surprised he is negative and that he sees the Fed’s credit expansion as non-productive. As for US competitiveness, Mr Gross would probably enjoy a trip to a modern farm, mine or logging operation to see how money is still being made.

Feb 02, 2013 12:29am EST  --  Report as abuse
Cyberblunt wrote:

We need this guy for president.

Feb 04, 2013 9:52am EST  --  Report as abuse
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