“Bond investors want growth much like equity investors, and to the extent that too much austerity leads to recession or stagnation then credit spreads widen out - even if a country can print its own currency and write its own cheques.”
Quote by Bill Gross
Author
Bill Gross
Bill Gross is a distinguished financial manager and investor, born on April 13, 1944. He has made substantial contributions to the field of finance throughout his career. Gross is best known for his role as the co-founder and co-chief investment officer of PIMCO, one of the world's largest investment management firms. His innovative investment strategies and leadership have had a profound impact on the industry. more