Deep Sunday Morning Thoughts From Bill Gross

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Just because Jack Handey never got to manage $1+ trillion in debt...

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Sun, 11/11/2012 - 09:02 | 2969498 realtick
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Detonation Of The Dome - Deflation Nation And The DJIA

Sun, 11/11/2012 - 09:09 | 2969505 GetZeeGold
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In otherwords...we're screwed.


Let's see Bam Bam get out of this one.

Sun, 11/11/2012 - 09:21 | 2969543 Tucson Tom
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He doesn`t want to get out of the problem.A crisis ,in his eyes, is desirable to enact punishment on his perceived colonial oppressors."Never let a good crisis go to waste". Dog the hatches brothers,the barometer is dropping fast!

Sun, 11/11/2012 - 09:51 | 2969611 Earl of Chiswick
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In otherwords...Pimpco is screwed.


Let's see Billy get out of this one. -

not to worry he and his corpratist allies will apply sufficient pressure to their political underlings to ensure an excellent return on their book


Sun, 11/11/2012 - 10:40 | 2969724 Thomas
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What's a "deep cliff?"

Sun, 11/11/2012 - 11:10 | 2969786 Enslavethechild...
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It's what they use to convince themselves it's morally acceptable to steal trillions

Sun, 11/11/2012 - 11:19 | 2969804 northerngirl
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Looters have morals?  On second thought, you are correct.  Since the average American maintains a, "Looter", mentality, it is our moral right to take.

Sun, 11/11/2012 - 11:22 | 2969813 Enslavethechild...
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your average person is being looted by the government

loot them back

or die

Sun, 11/11/2012 - 13:28 | 2970118 economics9698
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The gypsies at the Fed are good at playing three card monte.

Sun, 11/11/2012 - 16:55 | 2970560 FEDbuster
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Some CNN reporter said she didn't like "fiscal cliff", so she wanted people to "tweet" her new suggestions to describe US government's financial collapse. 

I don't "tweet", but the "Shit Abyss" is still my favorite. "As lawmakers approch the shit abyss in 51 days......"  Just guessing that CNN wouldn't use that one.

Sun, 11/11/2012 - 22:33 | 2971425 markmotive
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Question: how will the fiscal cliff impact silver?

My answer: could be a rough few months until the Fed kicks in...again.

Sun, 11/11/2012 - 23:24 | 2971562 FEDbuster
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"Buy some silver or gold every month, become your own central bank", Dr. Marc Faber

"The only true assets are those you can stand in front of and defend with an AR-15", Ann Barnhardt

Sun, 11/11/2012 - 11:27 | 2969827 Mr Pink
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It's like a shallow mountain but wider

Sun, 11/11/2012 - 11:40 | 2969867 alfred b.
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's cleavagier than regular cleavage!


Sun, 11/11/2012 - 13:00 | 2970045 ChanceIs
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Billy be too smart for that.  He is ALWAYS on the inside track.  Remember how he bought mountains of bonds then came to Washington preaching money printing and bond buying.  Then he sold his, warned of inflation, warrned of a bond glut, warned of potential Chinese dumping, and then told Bernanke to start doing Beta tests with reverse repos (or whatever) to start bringing some cash out of circulation.

How will he survive the coming bond implosion???  Buying calls on the TBT perhaps?  That is what I am going to do.  Have been tempted to short some OTM puts right here, right now.

Sun, 11/11/2012 - 11:25 | 2969820 lakecity55
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mumbling from inside a bath house somewhere..... " it's time for YT to pay. Pay! Hahahahha.

Larry, where's the crack pipe?"


Sun, 11/11/2012 - 11:47 | 2969876 gtb
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That would be a gay bath house...but is there any other kind?

Sun, 11/11/2012 - 09:10 | 2969510 maxmad
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Yeah... the stock market has been telling us deflation.... LOL

Sun, 11/11/2012 - 09:46 | 2969598 otto skorzeny
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patience young Jedi.

Sun, 11/11/2012 - 09:49 | 2969605 cjbosk
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Max, you home and net worth is certainly signaling deflation. The market is irrevelant because so little of America participates/benefits from the higher prices you see today. Your home will fall more, your net worth will contract more and your "real" wages will continue to fall. Now tell me, is that inflationary?

JapanAmerica Bitchez!

Sun, 11/11/2012 - 09:54 | 2969621 cossack55
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In todays world, yes.  In a real world , no.

Sun, 11/11/2012 - 10:36 | 2969721 algol_dog
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Well, it's on the internet so it must be true ... I'll start preparing right away

Sun, 11/11/2012 - 09:16 | 2969508 Cognitive Dissonance
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Bill Gross is busy managing perceptions, particularly his own clients. That's what's really going on here.

When interest rates begin to rise the Pimco Total Return (bond) Fund ain't gonna do so good. He is positioning his clients for permission to change the investment mix so he and his Total Return Fund can survive.

Sun, 11/11/2012 - 09:26 | 2969551 fonzannoon
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If BG had any balls, he would outwardly agree with your thesis. He would come out and say "My plan for the total return fund is to have 50% weighted in physical gold, redeemable at any time by our clients". That would something.

Sun, 11/11/2012 - 09:44 | 2969593 btb2010
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He has already told everyone the bond and equities' markets returns will be bleak and to BUY REAL ASSETS, specifically GOLD.

Sun, 11/11/2012 - 09:50 | 2969607 RSloane
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He's been fairly consistent about favoring gold at this time. He's also discussed it in different venues. The funny thing about it is he sounds sometimes like he just discovered gold and is excited to tell everyone of his new find!

Sun, 11/11/2012 - 10:14 | 2969670 fonzannoon
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 i think he recently upped his portfolio's gold holdings by.001%. Time for less talky talky. time for action. 

Sun, 11/11/2012 - 12:58 | 2970038 Bicycle Repairman
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If Gross wanted to do his clients and this nation favor, he'd buy a bunch of gold and then publicize it.

Sun, 11/11/2012 - 09:14 | 2969519 francis_sawyer
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Going deeper into debt = 'Shovel Ready Job'

Sun, 11/11/2012 - 13:02 | 2970048 DosZap
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Going deeper into debt = 'Shovel Ready Job'

YOU have to KNOW what a shovel is, to say that......................the dumb ass(not this poster) that said  hasn't a clue, but it sounded good.

Sun, 11/11/2012 - 09:17 | 2969527 Peter Pan
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The Fiscal cliff is only the beginning because it does not take into account the unfunded liabilities which ulimately make that fiscal cliff far deeper than anyone can imagine. maybe 4 to 10 times deeper.

Sun, 11/11/2012 - 09:34 | 2969568 jcaz
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Agreed- we're only being focused on the Fiscal cliff because it's a diversion to the unfunded liabilities mess.....

Sun, 11/11/2012 - 13:04 | 2970055 ChanceIs
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That's right.  Pushing the seniors off of the fiscal cliff.  That is what fiscal cliffs are good for.  FOREWARD!!!!!!

Thelma and Louise were not so crazy.

Sun, 11/11/2012 - 09:47 | 2969602 otto skorzeny
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wait til the Fed has to start soaking up munis-if we make it that long

Sun, 11/11/2012 - 09:48 | 2969603 thomasincincy
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Sun, 11/11/2012 - 13:20 | 2970098 knukles
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I been sayin ' it for some time now...
They gonna be runnin' out of treasuries...
They gonna be runnin' out of MBS
Next stop, a muni buying binge.

To QE or Not to QE, that is the question.
And since the Bernaks, Krugmans and Obies of the world be in charge of the give away, higher tax, nobody work nation, what the fuck.... they're gonna Have to Fund the Muni Debt Market.

Free cash for any muni issuer

(Parri Passu with the Banks on the Moral Hazard Risk Measure)


Sun, 11/11/2012 - 09:29 | 2969533 Dr. Engali
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Hey Bill tell your clients the truth?....It's time to liquidate before rates go against you. Even if the fed manages to keep rates down you're screwed and you aren't going to be able to generate a real return thanks to inflation.

Sun, 11/11/2012 - 09:57 | 2969626 DUNTHAT
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Sun, 11/11/2012 - 10:03 | 2969641 RSloane
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It would be absolutely awesome to see Bill Gross on Squawk Box or Bloomberg, and while looking straight into the camera say, "Its time to liquidate. There is no real return possible."

Someone would have to perfom CPR on Becky and Cramer. Then we would see bankers leaping from tall buildings. The mask would be off and 'bread and circuses' would be over.

Sun, 11/11/2012 - 10:11 | 2969657 Dr. Engali
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That would be funny. Of course he would get crucified for the bloodletting in the market as a result of that statement. He might be forced to resign due to some new affair or something along those lines.

Sun, 11/11/2012 - 10:47 | 2969743 LawsofPhysics
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Epic, I'll get Becky, let Cramer go.

Sun, 11/11/2012 - 09:22 | 2969545 fonzannoon
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Gross is right about the result. Small raise in taxes and no spending cuts. This is Why Obama won overwhelmingly. Anyone retired will not see any reduction in benefits (they will just get crushed by inflation) and anyone young will grow up on the dole. It's everyone in between that is in the pressure cooker.

Sun, 11/11/2012 - 09:56 | 2969623 RSloane
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There is no solution to the fiscal cliff. There is nothing that congress nor the president are willing to do to avert our course. Having more back room discussions behind locked doors in congress will do nothing, but will be paraded as really working hard to find solutions. There are none.

+1 to you, Sir.

Sun, 11/11/2012 - 10:48 | 2969744 Everybodys All ...
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The answers are available.

Cut federal government spending drastically and grow the energy economy. This defies Obama's agenda and would require the acknowledgment of the failure in democratic ideology. That's not ever going to happen so prepare accordingly.

Sun, 11/11/2012 - 11:24 | 2969814 Spastica Rex
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Maybe growth is over.

Figure out how to run a steady state "civilization."

Haven't seen easy answers to that one, yet. 

Sun, 11/11/2012 - 16:08 | 2970465 blunderdog
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The fact that the answer is OBVIOUS doesn't imply that the solution is POSSIBLE.

Look--if you wanted to cook a squid the size of the state of Montana, all you'd have to do is boil the Mediterranean ocean. 

It's simple as pie...

Sun, 11/11/2012 - 09:59 | 2969625 zilverreiger
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Pimco senior VP Emons was on dutch tv just now with less extreme, boring general views

@27:00 (dutch)

Sun, 11/11/2012 - 09:59 | 2969631 JustObserving
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"Its a Grand Canyon"

No, it is a Marianas Trench.  US debt and unfunded liabilities rise by $23 billion every day - that is bigger than the Greek deficit for 2012 .  That is enough to buy more than 70% of all the silver bullion in the world everyday.

And nothing significant will be done to reduce this - it may be reduced from $23 billion a day to $22 billion a day by raising taxes by $400 billion a year.  Social Security and Medicare will not be touched.

The Fed will continue to print confetti to paper this problem.


Sun, 11/11/2012 - 17:00 | 2970574 Chuck Walla
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 Social Security and Medicare will not be touched.

Bull Shit. Obama has already looted 716 billion from the "trust fund" for Medi-care to finance Obamacare. More to come as this represents an amazing pool of money.  Seniors go first. Those Fabians truly believe in everyone producing as much as they consume or off you go with a "gentlemanly gas" as hoped for by George Bernard Shaw.


Il Douche has run his last campaign. he really doesn't give a shit from here on in....

FORWARD SOVIET!  to Detroit, America's Model Community.

Sun, 11/11/2012 - 10:12 | 2969662 mvsjcl
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If you stand at the precipice of the fiscal cliff, don't jump. Instead, yell as loud as you can, "My nuts are in a vise! Would you please stop turning!" You may hear a response that says, "Why the hell should I?"

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