Gross on What the Government Should Do

PIMCO founder Bill Gross thinks the government needs to get more involved in the housing market to help spur the economy, and he also thinks the U.S. needs to direct its stimulus funding differently. Gross discusses those issues and also gives his bond and stock market outlook on CNBC, saying that he’s currently high on Treasury Inflation-Protected Securities, as well as some non-agency and agency mortgages.

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