Bill Gross’ March 2010 Investment Outlook
I absolutely love reading some investors’ investment outlooks. It’s a great way to get an insight into what some legendary investors are thinking about the markets and the economy, and can go a long way to expanding your knowledge and thinking about some key issues.
Bill Gross, co-founder of PIMCO, one of the world’s preeminent bond firms, has published his March 2010 investment outlook, and per usual, he’s got some great insights. Somewhat unusually, he makes quite a few irreverent jokes, complete with hilarious charting, but that only serves to make it an even more interesting read.
The subject is on the ability of sovereign governments to issue more debt to get themselves out of a debt crisis. It’s a very prescient read given the current issues in Greece. If you’ve any interest in the structure of the debt markets, it’s worth checking out.