Bloomberg Talks
Pimco's Bill Gross Talks P/E Ratios and the Health of the Economy
Jan 22, 2024
Bill Gross, Co-founder of Pacific Investment Management Co, talks about the health of the economy, his thoughts on the Fed's recent performance, and why big tech stocks aren't on his buy list. He discusses the impact of interest rates on economic growth, cyber security for small businesses, merger arbitrage plays, political risks, international opportunities, stock market volatility, bond market influence, and long-term deficits.
21:03
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Quick takeaways
- A negative yield curve, where yields on longer-term bonds are lower than shorter-term bonds, is detrimental to a capitalistic economy.
- Investors should seek value in alternative investments such as high-yield dividend stocks and European stocks while being cautious in a potentially risky environment.
Deep dives
The importance of cybersecurity for small businesses
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