Saturday, December 29, 2007

Transcript: Pimco’s Bill Gross on recession, investments and subprime

Bill Gross, founder and managing director of Pimco, discussed interest rates, recession, investments, Mohamed El-Erian, subprime and government intervention with Chrystia Freeland, the FT’s US managing editor.

FT: US interest rates?
MR GROSS: Long.


FT: Hillary Clinton?
MR GROSS: Long.


FT: Oil?
MR GROSS: Short.


FT: Manhattan real estate?
MR GROSS: Short.


FT: Hedge funds?
MR GROSS: Short.


FT: Mitt Romney?
MR GROSS: Short.


FT: The euro?
MR GROSS: Short.


FT: Ben Bernanke?
MR GROSS: Long.


FT: Barack Obama?
MR GROSS: Long.


FT: China?
MR GROSS: Long! [laughs]



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