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

March 05, 2013 | About:

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.

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