Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007? Bill Gross More Quotes by Bill Gross More Quotes From Bill Gross 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. Bill Gross you growth money way It's sort of like a teeter-totter; when interest rates go down, prices go up. Bill Gross down go like up In terms of economic growth, PIMCO originated the famous phrase the 'new normal.' Bill Gross new economic-growth economic growth It's going to be difficult to stimulate the real economy in the U.S. at a faster rate than 2 percent and perhaps even less if we have that fiscal cliff in December or January 2013. Bill Gross december difficult economy real What the Obama administration's policies have really been oriented towards have always been towards providing benefits continuing consumption. What this country needs really is a policy which stresses investments. Bill Gross always policy administration country Obama/Romney, Romney/Obama - the most important election of our lifetime? Fact is they're all the same - bought and paid for with the same money. Ours is a country of the SuperPAC, by the SuperPAC, and for the SuperPAC. Bill Gross election money important country I always thought of myself as being part of a family and sharing and, yes, leading, but not forcing people to do anything. Bill Gross thought myself family people
