Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.
Bill GrossBonds despite their ridiculous yields will not easily be threatened with a new bear market.
Bill GrossBernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.
Bill GrossBe cautious and content with low positive returns in 2015. The time for risk taking has passed.
Bill Gross