Marketplace Morning Report for Thursday, October 2, 2014
First up, in the face of flagging recovery in the area that uses the Euro, the Europe Central Central Bank has already made it clear it plans to start a kind of Quantative Easing-lite: creating money to buy assets to stimulate the economy. More on that. And what can President Obama say to tout the U.S. economic picture? He has to try to explain why there’s something of a malaise among consumers (and voters) about the state of the economy. Plus, ever since Bill Gross, dubbed the King of Bonds, quit without notice from PIMCO less than a week ago, customers have withdrawn a colossal $23 billion out of PIMCO's famous Total Return Fund. That's by far a record for people taking their money and running from PIMCO. Bill Gross is now at Janus Capital. This may be a useful time for investors far and wide to reflect on their own investment strategies.
First up, in the face of flagging recovery in the area that uses the Euro, the Europe Central Central Bank has already made it clear it plans to start a kind of Quantative Easing-lite: creating money to buy assets to stimulate the economy. More on that. And what can President Obama say to tout the U.S. economic picture? He has to try to explain why there’s something of a malaise among consumers (and voters) about the state of the economy. Plus, ever since Bill Gross, dubbed the King of Bonds, quit without notice from PIMCO less than a week ago, customers have withdrawn a colossal $23 billion out of PIMCO’s famous Total Return Fund. That’s by far a record for people taking their money and running from PIMCO. Bill Gross is now at Janus Capital. This may be a useful time for investors far and wide to reflect on their own investment strategies.
