I Use to Respect Bill Gross, Not Anymore. Want to Know Why?

In Bill Gross' 2015 September Janus Capital Investment Outlook, Billy wrote,

Major global policy shifts – all in the same direction – are
required that emphasize government spending as opposed to austerity and that recognize
that competitive devaluations do nothing but allow temporary respite from the overreaching
global problem of “too little aggregate demand” versus “too much aggregate supply.” It is
demand that must be increased – yes China must move more quickly to a consumer based
economy – but the developed world must play its part by abandoning its destructive emphasis
on fiscal austerity, and begin to replace its rapidly decaying infrastructure that has been
delayed for decades.

Too little aggregate demand? Who says? Bill. There is nothing wrong with too little aggregate demand. That's part of life. The season is to slow with aging boomers. Stop trying to force a circle in a square hole.

Too little aggregate supply? Who says? Bill. There is nothing wrong with too much aggregate supply. Prices will adjust. Oversupply is really ok. Prices drop and less supply comes online. The world will not end. Chill out Bill!

Bill says "it is demand that must increase." Hogwash. Let China do what it wants. Stop dictating what must occur around the world.

Fiscal austerity is a 4 letter word? Who says? Bill. Give me a break! Third world and developing countries should not put themselves into more debt, especially considering so much of that debt is in US Dollars and US Dollars are rising in value, making it harder to pay back that debt. Perhaps developing countries can borrow more when the Dollar collapses again.

If you can't afford to replace dying infrastructure because of so much debt overhang, then perhaps consider paying down debt before building a bridge to nowhere.

Bill Gross is an idiot! That's why he didn't count cards for very long. Gross is a good example of someone who has not gotten wise with age, but rather, more convoluted.

In the investment world according to the bell curve, there are always outliers. The top funds this year turn out to be the worse funds next year. It may have nothing more to do with the fact they went long bongs since the early 80's or starting investing again at the bottom in 1974. Anyone would look good if they did that even with lots of failures along the way.

If Bill Gross' words don't match reality, his words are not realistic so he is just gambling and got lucky at a very advantageous starting point many decades ago. Same is true for Warren Buffet. I would also like to say the percentage of his wealth and annual profits he gives to charity is less than someone who makes under $50,000/year.

What does that say of them in the end? Mammon was their idol.