Bill Gross, 'Bond King', says Trump's presidency favors short-selling.

Summary：The President of the United States can profoundly impact the economic development of both the country and the world at large.

Renowned bond investor Bill Gross told the Financial Times that having Donald Trump as president again would be a more "bearish" choice for the bond market.

Gross, once the most influential voice in the market, predicts that Trump's second term would result in higher deficits compared to President Joe Biden's tenure.

Gross stated, "Trump is the more bearish candidate due to his policies advocating continued tax cuts and more expensive measures." He also pointed out that the Biden administration has spent far beyond tax revenue, but "Trump's election would be even more disruptive."

Gross, often referred to as the "Bond King," is the founder of fixed income giant PIMCO.

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Written byTraderKnows

Created date:2024-05-27 03:26

Last Updated:2024-05-27 03:34

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Inflation

Inflation refers to the phenomenon where the purchasing power of a country's (or region's) currency decreases, leading to a general rise in the prices of goods and services. It is reflected in the fact that, over a certain period, the same amount of money can only buy fewer goods and services.