Companies typically borrow money at less than their return on equity and therefore compound their return at the expense of lenders.
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 GrossSlow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
Bill GrossWhen you're underperforming the index, you go home at night and cry in your beer. It's not fun, but who said this business should be fun. We're too well paid to hang our heads and say boo hoo.
Bill Gross