I suggest that you start paying more attention to what Mr. Gross has to say. He isn't one of those regular flim flam paper pushers from Wall Street. He impresses me as a straight shooter without the hidden agenda. If you remember, he blew the whistle on GE Capital last year and that didn't make him many friends.
Richard W.
He bought a couple hundred million of GE debt and they promptly announced another billion on the shelf, effectively depressing the value of his new investment. He was pi**ed and I don't blame him. But because he wields such a large sceptor in the bond markets, and because the timing corresponded with the corporate shennanigans he is given credit for prescience when he simply had a case of good timing.