PIMCO's Bill Gross Expects Numerous Fed Cuts
As managing director of bond powerhouse PIMCO, Bill Gross pens a monthly outlook on the fixed-income world and the economy. His December 2007 "Investment Outlook" anticipates a "tumultuous 2008" marked by significantly lower Fed Funds rates and sounder banking and financial management. Gross opines that "The Fed needs to bring Fed Funds levels down steadily and significantly more in order to counteract the contraction of the shadow banking system ... in an increasingly risky financial environment." Click here for the full text of Gross' December "Investment Outlook."