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Bill Gross and Liz Ann Sonders are Dr. Gloom and Ms. (Fairly) Optimistic before Schwab IMPACT crowd

The PIMCO CIO goes so far as to envision the eventual 'end of capitalism' while Schwab's chief strategist sees underappreciated signs of a new boom

Author Brooke Southall November 2, 2011 at 6:19 AM
4 Comments
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Bill Gross: I think capitalism is at risk. It relies on growing consumption.

Conferences


Jeff McClure

Jeff McClure

November 18, 2011 — 11:48 PM

Mr. Gross, bond genius that he is, is often like the clock that is right twice a day. Back in the summer of 2002 he insisted that the Dow would need to drop another 50% before it recovered. He actually serves as a pretty good bear-market bottom indicator. Whenever he insists the worst is yet to come, things almost immediately start getting better.

Carlos

Carlos

November 26, 2011 — 5:18 AM

Hey man. U are talking about something 8 years ago. Really. By the way bill is right and Liz Ann will be wrong big time. This market is going down big. Liz Ann. Does not understand the weight of the bond market collapse will have on everything. stay invested and u will be waiting to get even

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