Gross’ giggles have faded to black in 2015
The prize for doom-monger of the week goes to Janus Capital’s “king of bonds” Bill Gross – who seems to have lost his mad-as-a-march-hare sense of humour in 2015 and replaced it with gloomy prophecies. For those of you who have come to look forward to the Pimco-founder’s monthly musings on Janus Capital’s blog, as The Capitalist has, prepare to be disappointed. “When the year is done, there will be minus signs in front of returns for many asset classes. The good times are over,” he says. DOOOOM.
Of course, he does throw us the odd bone, referring to Swiss hedgie Felix Zulauf as “the gnome of Zurich” is a brief reprieve, as is this comment: “There comes a time when common sense must recognise that the king has no clothes, or at least that he is down to his Fruit of the Loom briefs.” Nevertheless, the days of hearing him describe himself as a “philosophical nomad disguised in Western clothing, a wondering drifter, masquerading in a suit near a California beach”, appear to be over.
Happy New Year: the FTSE was having a bad week – until yesterday – and Gross has lost his sense of humour. Boo.