PIMCO

Pacific Investment Management Co.'s Chief Executive Officer Mohamed A. El-Erian told Bloomberg TV's Betty Liu and Dominic Chu this morning that U.S. economic conditions are “terrifying” as the nation struggles to recover from recession. El-Erian also said the odds of the U.S. returning to recession...

PIMCO's Mohamed El-Erian and Bill Gross spoke exclusively with Bloomberg Television's Tom Keene today from the company's headquarters in Newport Beach, CA about Europe's crisis, PIMCO's investment strategy and Treasury yields. Gross says that Europe can turn around its crisis, but “they have to...

Pimco, the firm behind the world's largest bond fund, plans to introduce the Pimco Australia Bond Index Fund ETF (NYSE: AUD) on Tuesday Nov. 1, 2011. With an expense ratio of 0.45%, the new ETF will track the BofA Merrill Lynch Diversified Australia Bond Index. As of Sept. 30, 2011, the index was...

According to a recent recent Bloomberg article, some notable members of the super-wealthy are sympathetic to the Occupy Wall Street movement (at least if you take their word for it). Hedge fund big wig (and China bear) Jim Chanos, founder of $6 billion Kynikos Associates, told Bloomberg that New...

Neel Kashkari, who was the Interim Assistant Secretary of the Treasury for Financial Stability, and is now managing director and head of global equities at PIMCO, had an op-ed this morning on the company website that was pretty bleak in its assessment of the U.S. fiscal house, and the government's...

So gold did not go to $2,000 an ounce by the end of September as was discussed last month, but that does not mean it will not get there, eventually. Gold gave back almost all of the gain it had in August (12%) in September, as the short term mentality of "return of capital, not return on capital...

PIMCO's Bill Gross said the reason Treasury yields have touched and moved past 60 year lows is very simple. It's highly likely the United States is in a recession. Gross was on Reuters Insider television to discuss the likelihood of the recession. "It is increasingly apparent to us that...

@PIMCO tweets that the Gang of 6 new debt deal depends on increasing revenues, which depend on tax cuts. Compares it to Laugher curve.

Federal Reserve Chairman Ben Bernanke is speaking in front of Congress, and the prepared remarks basically said that QE3 is going to happen if the economy continues to worsen. Make no mistake readers, it does not look like the economy is going to get better anytime soon, and that a third round of...

First Trust Consumer Staples AlphaDEX (NYSE: FXG) is up more than 20% year to date. The investment seeks results that correspond generally to the price and yield of an equity index called the StrataQuant Consumer Staples Index. Top holdings include Green Mountain Coffee Roasters (NASDAQ: GMCR),...

According to the International Monetary Fund, the U.S. dollar currently represents about 60% of global reserves held by emerging nations, down from about 70% a decade ago. Analysts at PIMCO have some idea of what's replacing it and it's not the Euro. The commodity rich nations of Australia,...

Banking stocks are climbing higher early during the Wednesday trading session, after Bank of America Corporation (NYSE: BAC) announced an $8.5 billion settlement with investors who had purchased mortgage backed securities originated by Bank of America Corporation's Countrywide Financial business...

Bank of America Corporation (NYSE: BAC) is widely reported to be close to reaching an $8.5 billion settlement with a group of investors that threatened to sue the bank over losses they incurred investing in mortgage backed securities. The group of investors is said to include the likes of...

PIMCO's Bill Gross just tweeted the big news of the day. Gross said that the next Jackson Hole meeting, which is scheduled for August, will likely hint at a third round of quantitative easing, as well as interest rate caps. Yesterday, I discussed a possibility of a third round of quantitative...

The chief executive of prominent bond fund PIMCO, Mohamed El-Erian, expressed his doubt Wednesday about the prospects for debt-ridden Greece and beyond. "For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it...