(Bloomberg) -- Bill Gross, manager of the world's
largest bond fund, says U.S. housing is in such perilous shape
that the Federal Reserve may need to cut interest rates in six
to nine months.
Not so, says Alan Greenspan, the Fed Chairman who presided
over 14 straight rate increases before retiring in January 2006.
The odds are 2-to-1 that the economy will avoid a downturn, he
said last month. He said in a speech in Mexico City two days ago
that long-term interest rates are still low and may not last.
Read more at Bloomberg Bonds News
largest bond fund, says U.S. housing is in such perilous shape
that the Federal Reserve may need to cut interest rates in six
to nine months.
Not so, says Alan Greenspan, the Fed Chairman who presided
over 14 straight rate increases before retiring in January 2006.
The odds are 2-to-1 that the economy will avoid a downturn, he
said last month. He said in a speech in Mexico City two days ago
that long-term interest rates are still low and may not last.
Read more at Bloomberg Bonds News
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