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PIMCO's Bill Gross Is Worried

Contributed by mm | June 12, 2005 7:50 AM PST





You have to take Bill Gross' concern seriously.

From Morningstar:

Gross is worried, though. He's worried about the whole U.S. economy. The reasons are no secret: The current weakness of the dollar, the related situation of China, and the price of oil are all big issues that he discussed at a recent meeting with some Morningstar analysts. What gives Gross particular pause, however, is what got us to where we are. He points out that the economic recovery of the past two to three years has been a finance-based affair, with an emphasis on wealth creation, rather than production or advances in efficiency. He notes that America isn't really getting any wealthier just because housing prices have been going through the roof.
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Enjoy the latest personal finance news and commentary at PFBlog Network.
Similar Posts

The China Price (June 26, 2005)
More will come.
Savings Glut (June 16, 2005)
Very interesting portrait of some "economists'" ignorance of the real issue. The reality is: the irresponsible fiscal and montary policies will not bring a happen ending.
Do China and U.S. Face Same Woes? (June 12, 2005)
Yes, they do.
China Weighs Modest Currency Change (June 12, 2005)
Something is certainly in the making, but don't assume China will let Yuan appreciate any time soon ... higher unemployment rate is on the other side of the equation.

Read all 31 articles in the same category.

Read More ... All Other Posts In The Same Category

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03/09/06 | 102 More Billionaires in 2005
08/30/05 | Fed Focus, September 2005
08/26/05 | Greenspan Warns on Dangers Of Growing Acceptance of Risk
08/20/05 | The Fed's Clearly Opaque Message
08/09/05 | Fed Raises Key Rate to 3.5%, Continuing String of Increases
07/18/05 | Housing Prices Aren't Fed Target, Greenspan Says
07/10/05 | Hiring Pace Picked Up Last Month
07/10/05 | China Oil Giants Crave Respectability and Power
07/04/05 | EU Joblessness Is Poised to Worsen
06/30/05 | Fed Raises Key Rate to 3.25% For Ninth Increase in a Year
06/29/05 | Fire!
06/29/05 | Bubble Over Troubled Waters
06/27/05 | Low Rates Could Be Around for Long Term
06/26/05 | The China Price
06/16/05 | Savings Glut
06/12/05 | Do China and U.S. Face Same Woes?
06/12/05 | China Weighs Modest Currency Change
06/12/05 | Little Bang From Bullish Comments by Fed Chairman
06/10/05 | About 600,000 Joined Millionaire Ranks in 2004
06/09/05 | In Treating U.S. After Bubble, Fed Helped Create New Threats
06/09/05 | More Interest-Rate Increases Are Ahead, Greenspan Signals
06/08/05 | Pressure Over Yuan May Forestall Action
06/07/05 | Greenspan Casts Doubt on Import Of Falling Rates
06/05/05 | Accountants Are Kings Among U.S. 2005 Graduates
06/05/05 | A New Game: Pin the Tail on the Economic Expansion
06/02/05 | Policy That Rewards Productivity
05/31/05 | April Bankruptcy
05/30/05 | Fed Debates Pricking the U.S. Housing 'Bubble'
05/30/05 | An Indicator That's Almost as Good as a Time Machine


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