Thursday, September 5, 2013
Bill Gross – September 2013 Investment Outlook: Seventh Inning Stretch
Seventh Inning Speed Read
1) Hyman Minsky’s hoped-for “Stability in an Unstable Economy” must be updated for the exhaustion of Big Government and Big Bank
2) Private market technicals can temporarily overwhelm fundamental considerations
3) Bond investors should focus on “safer” front-end positions in Treasuries or credit space because of the Fed’s shift to forward guidance
4) Don’t bet on baseball games. Bookies take too much, plus it’s boring!