I would admit Im an introvert. I dont know why introverts have to apologize.

Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.

When the tide goes out, you get to see who's swimming naked. PIMCO has had its bathing suit on for a long time

When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.

Both from the standpoint of stocks and bonds, an investor wants to go where the growth is.

We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.

Bond investors are the vampires of the investment world. They love decay, recession - anything that leads to low inflation and the protection of the real value of their loans.