Tuesday, May 05, 2015

"This is all ending."

Bill Gross, the bond king (Janus Capital Group): A Sense of an Ending

A “sense of an ending” has been frequently mentioned in recent months when applied to asset markets and the great Bull Run that began in 1981. [...] Many prominent investment managers have been sounding similar alarms, some, perhaps a little too soon as with my Investment Outlooks of a few years past titled, “Man in the Mirror”, “Credit Supernova” and others. But now, successful, neither perma-bearish nor perma-bullish managers have spoken to a “sense of an ending” as well. Stanley Druckenmiller, George Soros, Ray Dalio, Jeremy Grantham, among others warn investors that our 35 year investment supercycle may be exhausted. [...] It will not come again for any of us; unrest lies ahead and low asset returns. Perhaps great unrest, if there is a bubble popping

Posted by sneaker @ 07:26 AM (4117 views)
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5 Comments

1. killer bunny said...

Gross said Bonds were dead in 2013 and shorted them. Biiig mistake. 2014 he had to leave PIMCO.

Tuesday, May 5, 2015 08:36AM Report Comment
 

2. taffee said...

This guy is a serious player and very successful generally....qe and near zero rates are
The driver for property and stocks bubbles....who would have thought in 2015 we would
Still have near zero rates negative bond yields help to buy and other props?

When this does pop its gonna be spectacular or long drawn out decline ala Japan either
Way it simply cannot continue like this

Tuesday, May 5, 2015 09:05AM Report Comment
 

3. bidin'matime said...

Taffee - haven't you seen the 'Nationwide average house prices adjusted for inflation' (see link on Graphs page of HPC) - they think that real house prices can keep on going up forever - as proved by the caption that appears on the NW site: Nationwide average house prices adjusted for inflation. See their Note C at the very bottom: 'A smooth trend has been fitted to the real house price series. This trend has been fitted from 1975 Q1 to the latest quarter and is an exponential curve.'

So if the Nationwide believe it (and clearly they do, as they are investing heavily into this particular Ponzi scheme...) then it must be true - you can never go wrong with brix-n-mortar...!

Tuesday, May 5, 2015 04:40PM Report Comment
 

4. clockslinger said...

Stick a pin in zerohedge on any day and there's a 70/30 chance you will hit an article like this. Without reading it I'll summarise (if I may); please tell me if I'm wrong!
"Things must change. Everything has a beginning and an ending, but only the wisest sage can say the day on which this will pass"
Am I wrong? Thought not!
Thanks Bodidharma; now f**k off!

Tuesday, May 5, 2015 04:47PM Report Comment
 

5. taffee said...

@3

Nice chart link...thanks

Thursday, May 7, 2015 07:07AM Report Comment
 

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