Bill Gross Quotes & Sayings (Page 2)

“Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.”

“Accountants, machinists, medical technicians, even software writers that write the software for 'machines' are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.”

“The U.K. and almost all of Europe have erred in terms of believing that austerity, fiscal austerity in the short term, is the way to produce real growth. It is not. You've got to spend money.”

“Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.”

“I am obsessed with delivering value to investors and winning the game from a personal standpoint.”

“I am tough but I have a soft side.”

“If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.”

“It's sort of like a teeter-totter; when interest rates go down, prices go up.”

“Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent. We know they can go down. But five years ago, we thought they could only go up.”

“Whenever I read the newspaper, I say to myself, 'At least my wife loves me.'”