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Category: Money Morning

Keith Fitz-Gerald: Anybody Listening to Bill Gross Is “Probably Headed to the Poorhouse” – Money Morning – Video

Bill Gross’ Pimco, which manages the world’s largest bond fund, predicted earlier this week there’s a more than 60% chance of a recession in three to five years.”Given that the last global recession was four years ago, and also given that the global economy is significantly more indebted today than it was four years ago, we believe there is now a greater than 60 percent probability that we will experience another global recession in the next three to five years,” Saumil H. Parikh, a managing director and generalist portfolio manager at Pimco, said in a note Tuesday.

How the “Wal-Mart Syndrome” Pushes Millions More Onto Food Stamps – Money Morning

Call it the “Wal-Mart Syndrome”.

Entire industries — such as low-end retailers like Wal-Mart Stores Inc. (NYSE: WMT) and fast food chains like McDonald’s Inc. (NYSE: MCD) – pump up their profits by paying employees extremely low wages.

But thousands of Americans who need to support a household on such low wages – either the federally mandated minimum wage of $7.25 or just a bit above it – can only do so with public assistance.

Bill Gross: Why QE Will End Before the Fed Wants It To – Money Morning

Legendary bond guru Bill Gross doesn’t think too highly of the Federal Reserve and Ben Bernanke’s monetary policies.

“There comes a point when no matter how much blood is being pumped through the system as it is now, with zero-based policy rates and global quantitative easing programs, that the blood itself may become anemic, oxygen-starved, or even leukemic, with white blood cells destroying more productive red cell counterparts,” Gross writes in his June investment outlook titled Wounded Heart.

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