PIMCO's Bill Gross was on Yahoo Finance to discuss his views on the bond market and where in it that he is finding attractive opportunities. He thinks that the bond market in the US is a bubble, which will be kept floated by the Federal Reserve. In summation:
-The Fed is keeping the bond balloon in the air.
-The Fed is not going to raise the interest rates and will keep the bond market floated.
-It will lead to big inflation down the road.
-PIMCO is underweight in long term developed market assets
Credit and Source: www.yahoo.com
Here is the video:
About the author:
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