Bill Gross
Recession 50/50: Fannie MaePosted by RJ and Makay on Aug 22, 2011 |
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Fannie Mae has issued analyses this week that reports a 50% chance of a double dip recession. The firm’s Economics and Mortgage Market Analysis Group predicts that total 2011 U.S. economic growth will come in around 1.4%, down from 3.1% in 2010. Looking further ahead, the company sees 2012 economic growth at only 2%, well off its original 2012 forecast of 3.1% made last month.
Bill Gross of PIMCO grades the deficit deal: Scarlet ‘A’Posted by RJ and Makay on Aug 05, 2011 |
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PIMCO’s Bill Gross, head of the world’s largest bond fund, says that the recent Washington deficit deal to cut government spending and raise the borrowing capacity of the U. S. does not make a significant dent in the deficit. PIMCO’s Total Return Fund, with assets of $243 billion, held 8 percent in U.S. Treasuries and treasury-related securities at the end of June.
Interest rates likely to remain tame for nowPosted by RJ and Makay on Jul 26, 2011 |
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While many advisors are holding to their long-term bearish outlook on bonds, most are ratcheting down their short-term expectations for higher interest rates and economic growth. 10-year Treasury yields are still very low at around 3%, and short-term rates remain mere basis points. In January, Charles Schwab conducted a survey of more than 1300 advisors. At that time, 64% of respondents thought that inflation and T-Bill rates would rise in the next six months.
Daniel J. Boorstin (American social historian and educator, 1914)
