Bill Gross and Sam Zell are 2 idiots

Buffett said on the tube this morning that two of the smartest people he knew were Gross and Munger. But what does he know?
 
Quote from tneub:


do you pay property tax?......do you have school systems that put up buildings lately...or needs a new one?.....do you pay tolls in your state? Did phillip morris have a settlement with your state and your state issued paper against the future payments from the court? as long as these types of things go on in your state.....the muni's will still be attractive, and even more attractive when the market is WHACKED......as Mr. Gross is pointing out......
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Actually, the market is RIGHT and Mr. Gross either has little understanding of what is really going outside his sheltered life or has alterior motives for his statements.

States & towns are broke as the people are broke. These municipal bonds have no way of being paid off without issuing more debt. It will only get worse, as wages will not grow, job creation is near non-existent while the corporations are squeezing the labor force for everything they have.

If you look up the financial situation of United states on a local viewpoint, it's a grim picture. And there has been a clear pattern to the downside.
 
Quote from NY_HOOD:

both talkin their respective books. Gross saying its time to buy some bonds and Zell MENTIONING REAL ESTATE. HOW CONVENIENT AS THEY ARE BOTH PROBABLY TAKING A BATH .
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both of those guys forgot more about investing than most ppl on here.

gross was almost spot on about how this bust would play out.

zell made a killing on eop, getting out at the top
 
Quote from NY_HOOD:

both talkin their respective books. Gross saying its time to buy some bonds and Zell MENTIONING REAL ESTATE. HOW CONVENIENT AS THEY ARE BOTH PROBABLY TAKING A BATH .
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are you one of those people who was bashing jim rogers?
 
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