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Click on the titles below to access historical PIMCO publications
Featured Market Commentary
Investment Outlook By Bill Gross
2010
·
03/10 Don't Care
·
01/10 The Ring of Fire
·
01/10 Let’s Get Fisical
2009 IO Archive
12/09
Anything but .01%
11/09
Midnight Candles
10/09
Doo-Doo Economics
09/09
On the “Course” to a New Normal
08/09
Investment Potions
07/09
"Bon" or "Non" Appétit?
06/09
Staying Rich in the New Normal
05/09
2 + 2 = 4
04/09
The Future of Investing: Evolution or Revolution?
02/09
Hairy Lips Sink Ships
02/09
BEEP BEEP!
01/09
Andrew Mellon vs. Bailout Nation
2008 IO Archive
12/08
Dow 5,000 Redux
11/08
So CQish
10/08
Nothing to Fear but McFear Itself
09/08
There's a Bull Market Somewhere?
08/08
Mooooooo!
07/08
Dear President Obama:
05/08
Hmmmmm?
04/08
All Quiet on the Western Front
04/08
When I'm Sixty-Four
02/08
No Country for Old Maids
01/08
Better Late Than Never
01/08
Pyramids Crumbling
2007 IO Archive
12/07
The Shadow Knows
10/07
Shadow Dancing
10/07
What Do They Know?
08/07
Where’s Waldo?Where’s W?
07/07
Enough is Enough
06/07
Looking for Contagion in All the Wrong Places
05/07
How We Learned to Stop Worrying (so much) and Love “Da Bomb”
04/07
Grim Reality
03/07
Ten Little Assets
02/07
100 Bottles of Beer on the Wall
01/07
The 5% Solution
2006 IO Archive
12/06
Reality Check
11/06
Alpha/Beta Anaemia
09/06
Empty Nesting/Successful Investing
09/06
No Cuts, No Butts, No Coconuts
07/06
The End of History and the Last Bond Bull Market
05/06
Mission Impossible?
05/06
As GM Goes, So Goes the Nation
04/06
*@?#»! Bond Tradingand the Tyranny of Indexation
03/06
The Gang Who Couldn’t Talk Straight
02/06
Curveball
01/06
A Gift That Should Keep on Giving
2005 IO Archive
12/05
Secrets
10/05
Takin’ It To The Blog
10/05
Deliberate Acts Of Kindness
09/05
“Lunch” Time
08/05
"They’re" Winning
07/05
Fire!
05/05
The Strange Tale of the Bare-Bottomed King
04/05
Everything You Wanted to Know About The Universe But Were Afraid to Ask
Global Central Bank Focus (formerly Fed Focus) By Paul McCulley
2010
·
01/10 Where Exit Should be an Oxymoron: The Bank of Japan
2009 Global Central Bank Focus (formerly Fed Focus) Archive
11/09
The Uncomfortable Dance Between V’ers and U’ers
09/09
"Because I Said So..."
07/09
What If?
06/09
The Exit Strategy: It’s About Hiking the Fed Funds Rate, Not Necessarily Soaking Up Excess Reserves
05/09
The Shadow Banking System and Hyman Minsky’s Economic Journey
04/09
Comments Before the Money Marketeers Club Playing Solitaire with a Deck of 51, with Number 52 on Offer
02/09
Saving Capitalistic Banking From Itself
2008 Global Central Bank Focus (formerly Fed Focus) Archive
12/08
All In
11/08
The Paradox of Deleveraging Will Be Broken
09/08
In the Fullness of Time
08/08
The Narrowing Ecologies of Global Growth
07/08
The Paradox of Deleveraging
06/08
A Kind Word for Inflation
05/08
What Does It Mean When Monetary Policy Conducts a Fiscal Policy Operation?
04/08
Credit, Markets, and the Real Economy: Is the Financial System Working? A Reverse Minsky Journey
03/08
Not Good Times
02/08
Chasing the Neutral Rate Down: Financial Conditions, Monetary Policy, and the Taylor Rule
12/07
A Perfervid Moment
2007 Global Central Bank Focus (formerly Fed Focus) Archive
11/07
Comments Before the Money Marketeers Club Minsky and Neutral: Forward and in Reverse
11/07
Perils of Plenty: Can Foreign Reserves Grow Forever?*
10/07
A Reverse Minsky Journey
09/07
Teton Reflections
07/07
The Slip Between the Cup and the Lip
06/07
What Can Go Wrong: China*
06/07
Requiem For A Princess
04/07
The Costly Uncomfortable Reality About the Wrong Definition of Comfortable
03/07
The Plankton Theory Meets Minsky
01/07
If Fed Funds Rate “Fails” To Fall
01/07
Just-Right Ben?
2006 Global Central Bank Focus (formerly Fed Focus) Archive
11/06
Reflexive Potential
10/06
Time-Varying Variables Vary
09/06
At Seventeen
08/06
Don’t Shoot Ben and Don’t Short Bonds
06/06
A Kind Word for the Austrian School
05/06
Moral Hazard Interruptus
05/06
The Root of All Evil?
05/06
The Root of All Evil?
03/06
Comments Before The Money Marketeers Club: Musings on Inflation Targeting
02/06
The Knack for When and the Gift for How
01/06
Is The Price Right?
2005 Global Central Bank Focus (formerly Fed Focus) Archive
12/05
MEW Drag
12/05
Reflexive Disintermediation: Say What? Learning To Live With It
11/05
How To Break the Irony of Too Much Success
09/05
Pyrrhic Victory
07/05
Keeping the Rabbit at Home and the Dog at the Office
06/05
Fundamentals In Technical DragAre Still Fundamentals
04/05
Slow and Easy, Baby
2009 EMW Archive
12/09
“Because things are the way they are, things will not stay the way they are.”
08/09
Emerging Markets in the New Normal
04/09
The Best Offence Is a Good Defence (and Vice Versa)
01/09
Rewind or Fast Forward?
2008 EMW Archive
08/08
Back to Berra
04/08
Decoupling
2007 EMW Archive
11/07
“The Times They Are a-Changin’”
08/07
Never Send to Know For Whom the Bell Tolls; It Tolls For Thee.
04/07
Can You (Point Your Fingers and Do the Twist)?
2006 EMW Archive
09/06
“Is It Safe?”
06/06
End of the Asset Class…Hardly
03/06
“It’s the Economy, Stupid…”
Global Markets
2009 European Perspectives Archive
10/09
ERM Blues
07/09
Why Is UK Inflation so Sticky?
07/09
Credit – New Issues and Elevators:A Closer Look at European Credit Supply
03/09
Boldly Going Where No Governor Has Gone Before*
02/09
Policymakers as Rainmakers: A New Trend in Credit Selection
2008 European Perspectives Archive
07/08
Euro Zone Divergences: The “Noise” is Increasing
04/08
Haven't We Been Here Before?
04/08
Is Euroland Heading for a Recession (too)? Why the European Central Bank Should Be Pro-active and Cut Now
2007 European Perspectives Archive
12/07
A Nasty Vicious Circle
12/07
Which One Do You Believe?
10/07
Euroland’s Real Estate and its Importance for the Euroland Economy and ECB Policy
08/07
Euro Zone Growth - Can It Last?
06/07
The Time Has Come for a Standardised If Not Unified Euroland Government Bond Market
05/07
Three Strikes and Out
03/07
Inflation and the Curve
03/07
Is Euroland Immune to U.S. Contagion?
01/07
The Bulletproof Bond
2006 European Perspectives Archive
12/06
The Winner’s Curse
11/06
Credit Creation Versus Headwinds
05/06
Normalization
03/06
House Prices and Monetary Policy
01/06
A Curve Too Flat?
2009 Japan Credit Perspectives Archive
02/09
Outlook for Global Finance: The Evolving Crisis and Japan’s Experience
2008 Japan Credit Perspectives Archive
08/08
Responding to Financial Crises: Lessons to Learn from
Japan
’s Experience
07/08
US Subprime Loan Crisis and Japanese Credit Markets (Vol. 4)
05/08
US Subprime Loan Crisis and Japanese Credit Markets (Vol.3)
01/08
U.S. Subprime Loan Turmoil and Japanese Credit Markets (2)
2007 Japan Credit Perspectives Archive
10/07
U.S.
Subprime Loan Turmoil and Japanese Credit Markets
06/07
How to Generate Potential Alpha in Credit Investment
04/07
Overview of
Japan
’s Residential Mortgage Market
01/07
Hybrid Securities, a New Investment Choice
2006 Japan Credit Perspectives Archive
10/06
Global Bond Market and Japan
US Credit Perspectives
2010
·
01/10 Picking the Winners
2009 US Credit Perspectives Archive
10/09
Tighter Fairways
07/09
Rising Tide to Choppy Waters
04/09
Opportunities in High-Quality Credit
2008 US Credit Perspectives Archive
12/08
Credit Now, Equities Later
10/08
Trick or Treat?
07/08
It's Been a Long Time
04/08
Slimming Down
02/08
Triple Play
2007 US Credit Perspectives Archive
11/07
Driver or 2-Iron?
08/07
Eagle Putt
2009 Global Perspectives Archive
10/09
With Privilege Comes…?
07/09
The Dog that Didn't Bark –and the One that Did
03/09
A Lot of Bucks, But How Much Bang?
2008 Global Perspectives Archive
10/08
The US Trade Deficit Is Set to Shrink: That’s a Good Thing…Right?
06/08
Exchange Rates Since the Last Global Financial Crisis: What My Crystal Ball Didn’t Tell Me in 1998
04/08
After Fukui
01/08
More Shoes to Drop, But Investment Opportunities for 2008 Remain
2007 Global Perspectives Archive
10/07
A Hard Day’s Knight: The Global Financial Market Confronts Uncertainty, Not Just Risk (and the Difference is Important)
08/07
Quantifying the Exorbitant Privilege
06/07
Is Bad News About Inflation Good News for the Exchange Rate?
04/07
Petrodollars, the Savings Bust, and the U.S. Current Account Deficit
01/07
A Great Moderation, But Global Diversification Is Still A Great Deal
2006 Global Perspectives Archive
10/06
Interesting Times
2009 Asian Perspectives Archive
12/09
The Chinese Real Estate Market: A Comparison with Japan’s Bubble
11/09
Emerging Asia: How Long Will Easy Monetary Conditions Prevail?
10/09
Emerging Asia: Cyclical Lifts Reinforce Secular Supports
Press Releases
2010
·
02/10 PIMCO Names Nine New Managing Directors
2009 Press Releases Archive
12/09
PIMCO Hires Anne Gudefin and Charles Lahr as Executive Vice Presidents and Global Equities Portfolio Managers PIMCO Hires Neel Kashkari as Managing Director to Lead New Investment Initiatives
08/09
PIMCO Hires Marc Seidner as Executive Vice President and Portfolio Manager
05/09
PIMCO Appoints Richard Weil as Global Head of PIMCO Advisory and Douglas Hodge as Chief Operating Officer of PIMCO
04/09
PIMCO Announces Promotions
03/09
PIMCO’s Bill Gross’s March Podcast Available on iTunes
2008 Press Releases Archive
12/08
PIMCO Launches Unconstrained Bond Strategy
10/08
PIMCO Hires Christopher Getter as Emerging Markets Product Manager
09/08
PIMCO Co-CEO Bill Thompson to Retire At End of 2008
08/08
PIMCO Hires Brigitte Posch as Emerging Markets Portfolio Manager
05/08
PIMCO Hires Eve Tournier as Credit Portfolio Manager
04/08
PIMCO Hires Christian Stracke as Co-Head of Credit Research
04/08
PIMCO Announces Promotions
01/08
PIMCO CIO and Founder Bill Gross Comments on 3rd Morningstar Fixed-Income Manager of the Year Award
Viewpoints
2010
·
03/10 Evolving Investment Solutions Confront the Challenges of the New Normal
·
03/10 How to Handle the Sovereign Debt Explosion
·
02/10 The Brazilian Economy and Investment Opportunities
·
02/10 Sovereign Credit Risk Is the Risk Factor Du Jour
·
02/10 Political Hot Air Leaves Greece Blowing in the Wind
·
02/10 Rough Commute: Riding the LIRR with Cash and Short Duration Investors in 2010
·
02/10 Bull Market Can’t Last If You Mind the Gap
·
02/10 Conquering the Bond Universe
·
01/10 Greece Part of Unfolding Sovereign Debt Story
·
01/10 The New Year Rang In with High Spirits: Now the Hangover?
·
01/10 Bank Fee Has Merits but Lacks Financial Clout
·
01/10 Uncorrelated Assets Are Back
·
01/10 Waiting for Better Times Is No Substitute for Action
2009 Viewpoints Archive
12/09
PIMCO Expands Investment Solutions, Names Equity Managers and Head of New Investment Initiatives
12/09
Fear Not the Falling Dollar!
12/09
Dubai: What the Immediate Future Holds
11/09
Cash and Short Duration Strategies: Driving with Caution on the Road to 2010
11/09
Diversified Investment Solutions for the New Normal
11/09
Fed’s Exit Best as Process, Not Event
11/09
Uncertain Markets Call for Flexible Investment Strategies
11/09
How to Fill the Gaps Left by Dollar Decline
11/09
Waking to the Realities of the Post-Crisis Market Environment
11/09
Europe’s Adjustment to a New Normal
11/09
EM Infrastructure Spending: Rising Commitment, Growing Opportunity
11/09
Short-term Stability at the Cost of Longer-term Instability?
10/09
The Two-Stage De-Risking of Banks
10/09
Periodic Systemic Risk and Investment Strategy
10/09
Optimism After the G-20
09/09
Return of the Old Ways of Thinking Threatens Recovery
09/09
Beyond Inventories and Fiscal Stimulus
09/09
Bernanke’s Four Point “To-Do” List
08/09
Markets Must Exit the Artificial Comfort Zone Created by "Green Shoots"
08/09
What Now for the World's Central Bankers at Jackson Hole?
08/09
The Recession Is Over – Now What?
08/09
Curtis Mewbourne Discusses PIMCO’s Diversified Income Strategy
08/09
Emerging Financial Markets After the Global Financial Crisis
08/09
Decoupling Versus Recoupling
07/09
Strong Defence Can Keep Cash Investors in the Game
07/09
The Crisis Is Morphing Again
07/09
American Jobs Data Are Worse than We Think
06/09
Beware of the “Business as Usual” Mindset
06/09
The CFO’s Cash Dilemma
06/09
US Bond Sell-off Putting Pressure on Other Parts of the Economy
06/09
Andrew Balls Discusses PIMCO’s European Secular Outlook
06/09
Why Bernanke Is Right to Be Worried
06/09
Secular Outlook 2009
06/09
The Three, Four, Five...P's of Pricing and Risk Management Revisited
04/09
Government’s Role in the Financial Crisis
04/09
Bank Tests We Should Get Stressed About
04/09
Opportunities to Increase Yield by Moving from Cash to “Near Cash”
04/09
Andrew Balls Discusses PIMCO’s European Cyclical Outlook and Strategy
04/09
Essential Task for G20 Leaders is a Cinema Trip to See A Beautiful Mind
03/09
‘To Do’ List Is Getting Longer
03/09
The Equity Risk in a Bond Manager's World
02/09
Active Governments Must Work Together
01/09
Market Outlook: First Quarter 2009
01/09
The Numbers Are Horrifying
01/09
We Have to Bring the Banking Sector Back to Life
01/09
No Immunity From Policy Action
2008 Viewpoints Archive
12/08
Tail Risk Management: Why Investors Should Be Chasing Their Tails
12/08
Turmoil in the Cash Markets: Did Enhanced Cash and Money Market Strategies Overdo Risk?
12/08
Only New Thinking Will Save the Global Economy
12/08
Lessons from the Crisis
11/08
The Chance of a Lifetime
11/08
Pipes Are Being Unclogged but the All-Clear Is a Long Way Off
10/08
The Storm Clouds Spread
10/08
Thanks for the Duration, But is it Time to Say Goodbye?
09/08
A Delicate Balance in the Freddie and Fannie Action
09/08
Shades Of Shanghai On The Nile
08/08
Keep Your Seatbelt Fastened
08/08
Survival of the Financial Fittest
07/08
Market Outlook 3rd Quarter 2008
07/08
Crisis and Coherence: Finance Remains Vulnerable
07/08
Traversing Wild Market Swings
06/08
When Markets Collide: Investment Strategies for the Age of Global Economic Change
06/08
How Best to Manage Global Imbalances
05/08
Why This Crisis Is Still Far From Finished
2009 Bond Basics Archive
10/09
Quantifying Risk: PIMCO’s Approach to Credit Research
2008 Bond Basics Archive
01/08
Bond Basics: What Are Interest Rate Swaps and How Do They Work?
2007 Bond Basics Archive
12/07
Global Bond Market Growth Expands Opportunities
08/07
Bond Basics: Emerging Market Bonds (External and Local Markets)
08/07
Bond Basics: What are Event-Linked Bonds and Why Invest in Them?
PIMCO Group Spotlight
2010
·
02/10 Vineer Bhansali Discusses PIMCO’s Approach to Tail Risk Hedging
·
01/10 Andrew Balls Discusses PIMCO’s European Cyclical Outlook and Strategy
2009 PIMCO Group Spotlight Archive
12/09
Paul McCulley Discusses PIMCO’s Cyclical 2010 Outlook
10/09
Andrew Balls on PIMCO’s European Cyclical Outlook and Strategy
10/09
Mohamed El-Erian and Bill Gross Discuss PIMCO’s Cyclical Outlook and the New Normal
09/09
Tomoya Masanao Discusses Japan’s New Government and Implications for Japan’s Economy and Markets
08/09
Koyo Ozeki Discusses the Outlook and Opportunities in the Asian Financial Sector
05/09
Mohamed A. El-Erian Discusses PIMCO’s Secular Outlook and Investment Strategy
05/09
A New Normal
04/09
Second Quarter 2009 Market Outlook
03/09
Scott Simon Discusses the Outlook for the US Housing and Mortgage Markets
01/09
Paul McCulley Discusses PIMCO’s Cyclical Economic Outlook and Investment Strategy
2008 PIMCO Group Spotlight Archive
12/08
Chris Dialynas Discusses PIMCO’s Unconstrained Bond Strategy
11/08
Market Outlook 4th Quarter 2008
10/08
Analysis of Credit Crisis Wins Business Award
08/08
Pre-Forum Briefing
06/08
PIMCO's Secular Outlook 2008
06/08
Mohamed El-Erian Discusses PIMCO’s Secular Outlook and Investment Strategy
05/08
A Tale of Two Cities
05/08
Chia-Liang Lian Discusses the Outlook and Investment Opportunities in China
05/08
PIMCO’s Secular Forum: Looking Beyond the Business Cycle
04/08
Doug Hodge Discusses Asian Investment Trends and Strategies
03/08
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
03/08
Pre-Forum Briefing
01/08
William C. Powers Discusses PIMCO’s Cyclical Outlook and Global Strategy
2007 PIMCO Group Spotlight Archive
11/07
Tomoya Masanao Discusses PIMCO’s Outlook and Strategy for Japan
11/07
PIMCO's Cyclical Forum
11/07
Scott Mather Discusses PIMCO’s European Cyclical Outlook and Strategy
10/07
William C. Powers Discusses PIMCO’s Cyclical Outlook and Global Strategy
09/07
Doug Hodge Discusses Asian Investment Trends and Strategies
09/07
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
07/07
PIMCO's Secular Forum
07/07
Rob Mead Discusses PIMCO’s Secular Outlook and its Implications for the Australian Economy and Markets
07/07
Chia-Liang Lian Discusses PIMCO’s Secular Outlook and its Implications for Asian Economies and Investment Strategy
06/07
William C. Powers Discusses PIMCO’s Secular Outlook and Global Strategy
06/07
Bill Gross Discusses PIMCO’s Secular Outlook and Strategy
06/07
PIMCO Secular Outlook 2007
05/07
Chris Dialynas Discusses PIMCO’s Upcoming Secular Forum
05/07
PIMCO’s Secular Forum: Looking Beyond the Business Cycle
04/07
Chia-Liang Lian Discusses PIMCO’s Asian Outlook and Investment Strategy
03/07
William C. Powers Discusses PIMCO’s Cyclical Outlook and Global Strategy
03/07
The U.S. Housing Project Update
03/07
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
02/07
Pre-Forum Briefing
2006 PIMCO Group Spotlight Archive
12/06
William C. Powers Discusses PIMCO’s Cyclical Outlook and Global Strategy
12/06
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
12/06
Scott Simon Discusses PIMCO’s Views on the U.S. Housing Market
11/06
Pre-Forum Briefing
10/06
William C. Powers Discusses PIMCO’s Cyclical Outlook and Global Strategy
09/06
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
09/06
Pre-Forum Briefing
08/06
Scott Simon Discusses PIMCO’s Views on the U.S. Housing Market
08/06
Mark Kiesel Discusses PIMCO’s Global Corporate Bond Outlook and Strategy
06/06
William C. Powers Discusses PIMCO’s Secular Outlook and Global Strategy
06/06
PIMCO Secular Outlook 2006
05/06
Paul McCulley Discusses PIMCO’s Secular Outlook and Investment Strategy
05/06
Scott Simon Discusses PIMCO’s Views on the U.S. Housing Market
05/06
PIMCO’s “Housing Project” Tracks the Real Estate Market
04/06
PIMCO’s Secular Forum: Looking Beyond the Business Cycle
03/06
William C. Powers Discusses PIMCO’s Latest Cyclical Outlook and Strategy
03/06
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
03/06
Sabrina Callin Discusses Putting the Theory of Portable Alpha into Practice
02/06
Pre-Forum Briefing
02/06
Chris Dialynas Discusses Causes and Implications of Low Interest Rates and the Yield Curve Conundrum
12/05
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
PIMCO Group Product Focus
2010
·
02/10 Andrew Jessop Discusses PIMCO’s Outlook for and Approach to the High Yield Market
2009 PIMCO Group Product Focus Archive
10/09
Mohamed El-Erian and Ramin Toloui Discuss the PIMCO Global Advantage™ Strategy
09/09
Chris Dialynas and Lisa Kim Discuss PIMCO’s Unconstrained Bond Strategy