Mohamed El-Erian video, Fed Missed Window, No October Rate Hike

Mohamed El-Erian: Oct. Fed Rate Hike Won't Happen - Mohamed El-Erian, Pimco's former chief executive officer and a Bloomberg View columnist, comments on what the September jobs report means for Federal Reserve monetary policy. He speaks with Bloomberg's Betty Liu on "Bloomberg Markets," October 2, 2015.

Jobs Report Is Lackluster, Raising Concern on Economy’s Course - The New York Times: "“There’s nothing good in this morning’s report,” said Carl Tannenbaum, chief economist at Northern Trust in Chicago. “We had very low levels of job creation, wage growth isn’t budging and the unemployment rate would have risen if the labor force participation rate hadn’t fallen.”" (Oct 2, 2015)

Economists Can't Find the Silver Lining in Today's Jobs Report - Bloomberg Business: "When the U.S. jobs report is released each month, there's typically enough nuance to offer something for everyone — the good and the bad. Today proved to be a feast for the bears. "When you look through all the details of the data, there just isn't anything good to hang your hat on," said Thomas Simons, a money-market economist at Jefferies LLC in New York. "It's been years since we've seen such an unambiguously bad report." Silver linings were tough to come by in the September jobs data. Payrolls came in at a much-weaker-than-forecast 142,000, while August and July figures were revised down. Wage growth was nonexistent for the month, with average hourly earnings actually falling by a penny on average. The softness in manufacturing endured, with factory payrolls falling by 9,000 when they were expected to show no change. With dollar appreciation and sluggish overseas growth providing headwinds, it was the biggest back-to-back decline since 2010... "

It's Been a Terrible Week for the Credit Market - Bloomberg Business: "According to Bank of America Merrill Lynch credit strategists led by Hans Mikkelsen: "The two weakest days in recent memory for high-grade credit occurred this week [on Monday and Thursday]." Meanwhile, Deutsche Bank Strategist Jim Reid pointed out that spreads on corporate debt are nearing levels usually seen during recessions. While credit has often been called the canary in the coal mine for global markets, because of its tendency to show signs of strain before stocks, the question now is whether bond investors are saying something important about deteriorating fundamentals or overshooting in their pessimism."

Gundlach warns of 'another wave down' - Business Insider: ""The reason the markets aren't going lower is people are holding and hoping," Gundlach told Reuters in a telephone interview. "The market bottoms out when people are selling and sold out — not when they are holding and hoping."

Traders Don't See Fed Moving Until at Least March, Futures Show - Bloomberg Business: "“The Fed has been overoptimistic for a long time on their forecasts for growth,” said Gary Pollack, who manages $12 billion as head of fixed-income trading at Deutsche Bank AG’s Private Wealth Management unit in New York. Markets are also signaling expectations for a lower Fed target down the road, according to a note from Jim Vogel, an interest-rate strategist at FTN Financial Capital Markets in Memphis, Tennessee. Last month, the Fed forecast the tightening cycle will end with the funds rate at 3.5 percent. However, Treasuries now indicate a peak of 1.75 percent for almost five years, according to Vogel."

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How Dangerous Is September for the Markets? (video)

How Dangerous Is September for the Markets? - Pimco Global Strategic Advisor Richard Clarida discusses the U.S. economy, Fed policy and the markets. He speaks on "Bloomberg Surveillance." (September 8, 2015)

#investors #investing

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The Final Days of Bill Gross at Pimco (video)

Inside the Final Days of Bill Gross at Pimco -

On “Before The Bell,” Bloomberg’s Mary Childs has exclusive details on why and how Bill Gross left Pimco. (12/3)

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PIMCO, Bill Gross, Medieval Investment Outlook

Are the "dark ages" upon us?

PIMCO | Investment Outlook - Most ‘Medieval’: "... So our PIMCO word of the month is to be “careful.” Bull markets are either caused by or accompanied by credit expansion. With credit growth slowing due in part to lower government deficits, and QE now tapering which will slow velocity, the U.S. and other similarly credit-based economies may find that future growth is not as robust as the IMF and other model-driven forecasters might assume. Perhaps the whisper word of “deflation” at Davos these past few weeks was a reflection of that. If so, high quality bonds will continue to be well bid and risk assets may lose some luster. In any case, don’t be a pig in today’s or any day’s future asset markets. The days of getting rich quickly are over, and the days of getting rich slowly may be as well. Most medieval, perhaps...."

Read the full article at the link above and draw your own conclusions.

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The Cult of Equity is Dying--Bill Gross of Pimco (video)

Pimco's Gross: Death of Equities Is Imminent
Bill Gross, Pimco co-founder and bond king, says stocks are dead. Steven Russolillo discusses reader reaction to Mr. Gross's statements.

The Cult of Equity is Dying--Bill Gross of Pimco

Report on Pimco website

pdf here

podcast here


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Bill Gross on Bloomberg--worth listening to

Pimco’s Bill Gross Talks about the Greek Default and where to invest - I grabbed this link last week when the interview first aired on Bloomberg Radio--definitely worth listening to: Audio link

Bill Gross, co-chief investment officer at Pacific Investment Management Co., talks with Bloomberg's Ken Prewitt and Tom Keene on Bloomberg Radio's "Bloomberg Surveillance," March 9, 2012.

http://media.bloomberg.com/bb/avfile/News/Surveillance/vEQ2Id.TXiXg.mp3

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Pimco's El-Erian Calls U.S. Economy `Terrifying' (video)

Pimco's El-Erian Calls U.S. Economy `Terrifying' and Europe? 'There are no easy solutions.'

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PIMCO's Mohamed El-Erian: politicians need to recognize we are in structural changes (not cyclical)

Nov. 14 (Bloomberg) -- Pacific Investment Management Co. Co-Chief Investment Officer Bill Gross and Chief Executive Officer Mohamed El-Erian, talk about the European sovereign-debt crisis and its impact on the U.S. economy and the role of Germany in resolving the turmoil. Speaking with Tom Keene on Bloomberg Television's "Surveillance Midday," they also discuss Treasury yields. (Source: Bloomberg)
PIMCO's Mohamed El-Erian said (8:16) politicians need to realize we are in a period of fundamental, structural changes (not cyclical)

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