Betting against U.S. debt was a mistake, says Bill Gross, PIMCO founder and co-CIO. Bill Gross stated recently that it was a “mistake to bet so heavily against the price of U.S. government debt.” He noted that he wishes he had invested more in U.S. governmental debt earlier this year. “It was my/our mistake in thinking that the U.S. economy can chug along at 2% real growth rates,” the newspaper cited Gross as saying. “The U.S. and developed economies are near the recessionary dividing point."
Below is the video where Bill Gross discusses the mistake he made with U.S. treasurys:
Below is the video where Bill Gross discusses the mistake he made with U.S. treasurys:
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