MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, March 31, 2011 Gross to Citizens: 'Hold Your Noses' Fundsters worried about the U.S. federal government's budget deficit may not take heart from Bill Gross' latest monthly investment outlook. The Pimco [see profile] co-chief investment officer is seriously worried. Bloomberg's Wes Goodman and Fortune's Colin Barr both reported on Gross' latest posting. "Citizens of America -- hold your noses," Gross writes. "We are smelling $1 trillion deficits as far as the nose can sniff." "If the USA were a corporation, then it would probably have a negative net worth of $35-40 trillion ..." Gross' harsh words about the deficit may not surprise many fundsters, as last month he reportedly completely dumped treasuries from his giant Total Return Fund (see The MFWire, 3/10/2011). Printed from: MFWire.com/story.asp?s=36422 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |