Bill Gross CNBC 10/29/08 - Comments on Fed Rate Cut

Bill Gross was on CNBC 10/29/08 giving his comments on the Fed rate cut decision.

I Heard just about what I expected....downside risks to growth remain suggestesting that rates will go lower or stay here for an extended period of time.

I noticed in the Fed Statement that external demand ( meaning exports ) has weakened meaning the whole world has a problem right now.

More on what Bill Gross has said this week HERE

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