PIMCO's Bill Gross was on CNBC to discuss his views on housing market, mortgage market and house prices.
-- Housing prices may have hit bottom, but the housing sector may not play much role in the economic rebound.
-- Structural differences suggest that the consumer is still too much in debt, and therefore may not spend much to let housing take a leadership role in leading the U.S. economic recovery.
Credit: www.cnbc.com, CNBC
Here is the video:
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Dheeraj GroverI am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne