‘We’re in the Eye of the Hurricane’ – Bill Gross on Greece:

Posted by Bill Gross - Janus Capital

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Highlights:

  • Throwing More Liquidity At Greece Is ‘Problematic’
  • Situation In Greece Difficult To Forecast
  • Liquidity Flight May Begin In Peripheral Countries
  • Surprised By Muted Market Reaction To Greece
  • We Are In’eye Of The Hurricane’ Situation Not Calm
  • Germans Are ‘Disingenuous’ On Loans Considering History
  • Germans Were Given Help After World War Ii
  • Central Banks Throwing More Money To Restore Calm
  • Says He Went Public On China Short Four Weeks Ago
  • Says He’s ‘Rather Proud’ Of China Short Call
  • Resolution Of Greek Crisis Lies Within Germany
  • 70-80% Possibility Of Greek Exit From Euro

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6 minute interview

On whether he is surprised by the calm reaction of the markets, Gross said: “Yes, I am surprised…It appears that we’re in the eye of the hurricane. I do not believe that this situation really is calm.”