{"id":1782281,"date":"2022-12-21T06:08:03","date_gmt":"2022-12-21T11:08:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1782281"},"modified":"2022-12-21T06:48:41","modified_gmt":"2022-12-21T11:48:41","slug":"bond-king-bill-gross-says-markets-heading-for-potential-chaos-if-interest-rates-keep-increasing","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bond-king-bill-gross-says-markets-heading-for-potential-chaos-if-interest-rates-keep-increasing\/","title":{"rendered":"&#8220;Bond King&#8221; Bill Gross Says Markets Heading for &#8220;Potential Chaos&#8221; If Interest Rates Keep Increasing"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbond-king-bill-gross-says-markets-heading-for-potential-chaos-if-interest-rates-keep-increasing%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1782281&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<div class=\"TopBanner-container\" data-top-banner-placeholder=\"true\"><\/div>\n<\/div>\n<div class=\"PageBuilder-col-full PageBuilder-col PageBuilder-article\">\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\">\n<div class=\"ArticleBody-articleBody\" id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-107169077\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-107169077\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000278269\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107169078-16715571101671557108-27265726057-1080pnbcnews.jpg?v=1671557464&#038;w=750&#038;h=422&#038;vtcrop=y\" alt=\"The economy is slowing and is heading toward a recession, says PIMCO co-founder Bill Gross\"   style=\"display:none\"><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Famed investor <a href=\"https:\/\/www.cnbc.com\/bill-gross\/\">Bill Gross<\/a> said he expects big trouble ahead should the Federal Reserve keep hiking interest rates.<\/p>\n<p>&#8220;The economy has been bolstered by tremendous amounts of trillions of dollars in fiscal spending, but ultimately when that is used up, I think we&#8217;ve got a mild recession, and if interest rates keep going up, we&#8217;ve got more than that,&#8221; Gross said Tuesday on CNBC&#8217;s <a href=\"https:\/\/www.cnbc.com\/video\/2007\/03\/20\/halftime-report.html\">&#8220;Halftime Report.&#8221;<\/a><\/p>\n<div class=\"ExclusiveContentBucket-exclusiveContentBucket\">\n<h2 class=\"ExclusiveContentBucket-exclusiveContentHeading\">related investing news<\/h2>\n<div class=\"ExclusiveContentBucket-contentContainer\">\n<div class=\"BucketItem-bucketItem\">\n<div class=\"BucketItem-bucketImageContainer\"><img decoding=\"async\" class=\"BucketItem-bucketImage BucketItem-proItem\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/12\/106615173-15947281652020-07-14t120034z_1915613509_rc20th9t88ub_rtrmadp_0_usa-investors-gross-scaled.jpeg\" alt=\"&#039;Bond King&#039; Bill Gross likes these REITs as Fed rate hikes hit the housing market\" \/><\/p>\n<div class=\"BucketItem-proPillContainer\"><a href=\"https:\/\/www.cnbc.com\/pro\/\" class=\"ProPill-proPillLink\" data-type=\"pro-button\"><img decoding=\"async\" class=\"BucketItem-proPill ProPill-proPill\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/f7f282b4f7f47fceda1e.svg\" alt=\"CNBC Pro\" \/><\/a><\/div>\n<\/div>\n<div class=\"BucketItem-textContainer\">\n<div class=\"BucketItem-bylineContainer\">\n<div class=\"BucketItem-publishTime\">10 hours ago<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>&#8220;We&#8217;ve got potential chaos in financial markets,&#8221; he said.<\/p>\n<p>A tightening of monetary policy would further roil the capital markets, according to Gross. The so-called bond king and co-founder of Pimco pointed to Tuesday&#8217;s <a href=\"https:\/\/www.cnbc.com\/2022\/12\/20\/treasury-yields-rise-as-japan-unexpectedly-loosens-its-yield-cap.html\">move in global bond yields<\/a> following <a href=\"https:\/\/www.cnbc.com\/2022\/12\/20\/bank-of-japan-shocks-global-markets-with-bond-yield-shift.html\">the Bank of Japan&#8217;s decision to widen the yield on its 10-year Japanese government bond<\/a>.<\/p>\n<p>Meanwhile, a rise in interest rates spells trouble ahead for commercial real estate, which could face &#8220;potential defaults&#8221; ahead, Gross said. However, he expects that residential real estate will fare somewhat better, and will not be hit to the degree that it was during the Great Recession.<\/p>\n<p>&#8220;I do think, going forward, if the Fed continues to raise rates, that the ability to equitize some of your housing, which is moving down in price, is going to be severely limited, and so that&#8217;ll serve as a caution for the housing market,&#8221; Gross said. &#8220;But in terms of a debacle, as in &#8217;07, &#8217;08, I don&#8217;t think we&#8217;re headed there.&#8221;<\/p>\n<p>While at Pimco, Gross helped run the world&#8217;s largest mutual fund. He then ran a fund at Janus Henderson <a href=\"https:\/\/www.cnbc.com\/2019\/02\/04\/one-time-bond-king-bill-gross-to-retire-from-janus-henderson.html\">until he retired in March 2019<\/a>.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-107057877\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-107057877\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000245496\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107057878-GettyImages-1322333140.jpg?v=1652083655&#038;w=750&#038;h=422&#038;vtcrop=y\" alt=\"Interest rates are surging \u2014 here&#039;s how to protect your money\" \/><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"WatchLiveRightRail-inline WatchLiveRightRail-container\" id=\"RegularArticle-WatchLiveRightRail-7\" data-test=\"watchLiveRightRail-4\" data-analytics=\"RegularArticle-watchLiveRightRail-7-4\">\n<div class=\"WatchLiveRightRail-contents\"><a href=\"https:\/\/www.cnbc.com\/live-tv\/\" class=\"WatchLiveRightRail-wlButton\">WATCH LIVE<img decoding=\"async\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/4db8932b7ac3e84e3f64.svg\" class=\"WatchLiveRightRail-logo\" alt=\"logo\" \/><\/a><a href=\"https:\/\/www.cnbc.com\/live-tv\/\" class=\"WatchLiveRightRail-wlButtonMobile\">WATCH IN THE APP<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"PageBuilder-col-9 PageBuilder-col PageBuilder-article\"><\/div>\n<div class=\"PageBuilder-col-12 PageBuilder-col PageBuilder-article\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Famed investor Bill Gross said he expects big trouble ahead should the Federal Reserve<\/p>\n","protected":false},"author":1,"featured_media":1782284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[7648,6542,5458,5441,10753,3835,7321,10752,4238,6009,3819],"class_list":["post-1782281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-king","tag-bond","tag-bongino","tag-chaos","tag-gross","tag-heading","tag-increasing","tag-markets","tag-potential","tag-rates","tag-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1782281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1782281"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1782281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1782284"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1782281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1782281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1782281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}