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PIMCO's Bill Gross Discusses Fiscal Cliff

December 14, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
PIMCO's co-CIO Bill Gross was on Bloomberg to discuss his views on the fiscal cliff with Betty Liu. Here is what he said:

-- His advice to the president: Resolving the fiscal cliff and fixing the debt ceiling at the same time as going over the cliff will not help anyone as it will lead to a recession as well as U.S. debt downgrade.

-- Orient the policy to be directed to investment spending rather then consumption spending to help the economy; spend on infrastructure.

-- Given that entitlements spending will need to come down and taxes will need to go up, let's focus on productive spending from the government to boost the economy

Credit and source: www.bloomberg.com, Bloomberg

Here is the video:



About the author:

Dheeraj Grover
I 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

Rating: 2.7/5 (6 votes)

Comments

hedonist
Hedonist - 1 year ago
Our dear Boehner will ensure we have a real hard time before dissension in his party solves the cliff; he sure is making the best use he possibly can of the 15 minutes hes got, the last of his career....

but its understandable:

he was someone hardly anyone knew about hitherto, now having the time of his life basking in the sunshine of doom.

Please leave your comment:


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