Paul A. McCulley
William H. Gross
"The battleplan: Prepare for Peak Fed Funds point."
"Asset bubbles and their bursting have become an endemic feature of the economic and financial landscape that Mr. Bernanke will inherit from Mr. Greenspan."
"PIMCO doesn't have a foreign policy view. I do."
"Hubris is a nasty disease, the mother's milk of bubbles in asset prices."
"Make no mistake about it, the froth in the U.S. housing market is about to lose its effervescence; the bubble is about to become less bubbly."
"Portfolio managers hired for their performance guns cannot afford to wait for the validation of historians."
"The one thing virtually certain to stop the Fed in its tightening tracks did not happen..."
"I've learned more about the Capital Asset Pricing Model (CAPM) by collecting stamps than I ever learned at business school."
No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Pacific Investment Management Company LLC, 840 Newport Center Drive, Newport Beach, CA 92660, 800-387-4626. ©2013, PIMCO.
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