GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

PIMCO's Bill Gross - Markets Move Closer to Irrational Exuberance

March 05, 2013 | About:
CanadianValue

CanadianValue

210 followers
Gross was asked about which currency in a world where virtually every government is engaged in quantitative easing is likely to ease the fastest?

His answer? The one that prints the most, and that is going to be Japan.

So far the yen has weakened in anticipation of the upcoming easing and the actual easing will cause it to weaken more.

The British pound is also likely to be very weak, as will the U.S. dollar and the euro.

As far as which countries are likely to have strong currencies, Gross looks to Mexico and Brazil.



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 5.0/5 (1 vote)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK