Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Gross and Gundlach Differ on What Will Come Out of Jackson Hole Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 30, 2012

Gross and Gundlach Differ on What Will Come Out of Jackson Hole

News summary by MFWire's editors

Pimco's [profile] Bill Gross believes Federal Reserve chairman Ben Bernanke will signal an extension of the bond-buying program as he delivers his speech in Wyoming this Friday, but DoubleLine Capital's [profile] Jeffrey Gundlach thinks otherwise.

During an interview with CNBC, Gross said, "I think either at Jackson Hole or two weeks later, at the next Fed meeting, that we're going to see policies where checks will be written and Fed balance sheets expanded."

He also warned that Bernanke's speech could be a "snoozer." (Apparently, the Fed chair is not as popular in the Gross household as Paul Ryan.)

Gundlach, on the other hand, told Reuters, "An actual massive bond buying program could take the ten-year down to pretty much as low as the Fed wants it. I don't see that in the near term, however."

Gross also told CNBC that another round of easing is "almost a done deal," seeing that the goal of the Fed is to achieve sustainable growth.

Gundlach also reiterated his view on the ten-year Treasury yield, which he mentioned in a July 12 webcast.

"I doubt the low in yield of 1.39 percent reached about a week after this statement will be breached to the down side based on QE3/Jackson Hole 'excitement'," he added.

The ten-year low fell to 1.39 percent on July 24, and stood at 1.66 percent on Wednesday.  

Edited by: HFD


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use