Bill Gross CNBC comments 11/19/08 - Pimco

Bill Gross was on CNBC today, 11/19/08, here are some of Bill's comments. Bill Gross is from Pimco.

The Fed Funds rate at 1% is not low enough, the Fed might have to lower it to .50 or zero to stimulate the economy. The stock market is in a phase of deleveraging still. It is not trading on fundamentals.

The money markets are looking healthy, we aren't going back to the froze state of the credit crisis like we have been in several months ago.

Titanium Umbrella - Buy what the Government is buying. Are you concerned that the Government won't give any money to the Big 3 automakers?

I think there will be some kind of bridge loan for the automakers until the end of the year, I think they will get at least 10 billion to last them the year.

For more of Bill Gross comments, go HERE

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