Bill Gross, founder and co-CIO of Pimco, explains there is a misconception that Pimco is short US Treasuries. Investors can find pristine balance sheets in countries like Canada, he adds.he discusses discuss the bond market, the U.S. deficit and Greece being the top candidate for default in Europe.
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Showing posts with label PIMCO. Show all posts
Showing posts with label PIMCO. Show all posts
Monday, May 16, 2011
Friday, April 22, 2011
Jim Rogers to Short Treasurys If Rise Continues
Famed Investor Jim Rogers to start shorting US treasuries just like Bill Gross of PIMCO REUTERS Reported today : "If the bond goes up another 3 or 4 points, I for one am going to sell it short," "I just think at some point along the line, people are going to realize it's absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest," Jim Rogers told Reuters in an interview today.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
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