- Investment Postcards from Cape Town - http://www.investmentpostcards.com -

Weak dollar is protectionist barrier, says Bill Gross

Posted By Prieur du Plessis On October 29, 2009 @ 12:49 pm In Investment,Markets,Money | No Comments


The dollar is likely to continue depreciating and the “new normal” will see consumers shedding debt in an attempt to balance their books, Bill Gross, the influential manager who runs top bond fund Pimco, told CNBC Wednesday.

“I think the dollar is an over-owned currency. The Chinese, the Asians have basically owned too many dollars for too long,” Gross told “Squawk Box”.

The government has increased borrowing and this will make the dollar “more and more owned and less and less desirable” but this is necessary for balancing the world economy, as it may result in higher production in the US and lower production in China.

Source: CNBC [1], October 28, 2009.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail. [2]

More on this topic (What's this?) [3]
China’s Shocking Trade Figures… and An Even More Shocking Growth Scenario [4] (Wall Street Daily, 2/10/12)
China’s Balancing Act Can’t Go on Forever [5] (Wall Street Daily, 2/15/12)
The Heart of a China Bull Still Beats Strong [6] (Money Morning, 2/17/12)
Read more on U.S. Dollar (USD) [7], Investing in China [8] at Wikinvest [9]

Article printed from Investment Postcards from Cape Town: http://www.investmentpostcards.com

URL to article: http://www.investmentpostcards.com/2009/10/29/weak-dollar-is-protectionist-barrier-says-bill-gross/

URLs in this post:

[1] CNBC: http://www.cnbc.com/id/33504871/site/14081545

[2] Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.: http://www.feedburner.com/fb/a/emailverifySubmit?feedId=921608&loc=en_US

[3] (What's this?): http://www.wikinvest.com/blogger/wikinvest_wire

[4] China’s Shocking Trade Figures… and An Even More Shocking Growth Scenario: http://www.wallstreetdaily.com/2012/02/10/china-trade-figures-imf-forecast

[5] China’s Balancing Act Can’t Go on Forever: https://www.wallstreetdaily.com/2012/02/15/chinas-balancing-act-cant-go-on-forever

[6] The Heart of a China Bull Still Beats Strong: http://moneymorning.com/2012/02/17/the-heart-of-a-china-bull-still-beats-strong

[7] U.S. Dollar (USD): http://www.wikinvest.com/currency/U.S._Dollar_(USD)

[8] Investing in China: http://www.wikinvest.com/industry/Investing_in_China

[9] Wikinvest: http://www.wikinvest.com

Copyright © 2008 Investment Postcards from Cape Town. All rights reserved.