{
  "id": 11148573,
  "title": "Bill Gross recomienda no tener bonos en cartera y ser cauteloso con las acciones",
  "url": "https://urgent.news/2026/10/01/bill-gross-recomienda-no-tener-bonos-en-cartera-y-ser-cauteloso-con",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-01T08:18:19.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/mercados/2026/10/01/6abe1744468aeb9d698b4590.html"
  },
  "original_language": "es",
  "account": "Bill Gross, the famous investor and co-founder of Pimco, advises investors to prioritize preserving and protecting their assets. He recommends steering clear of fixed income investments and exercising caution when it comes to stocks. Gross believes investors should prepare for the end of the traditional stock market model they are accustomed to and anticipate increased volatility in 10-year bond prices. In an article published in the Financial Times, the Pimco co-founder emphasizes that credit expansion is a fundamental condition necessary to promote nominal GDP growth, both in the United States and globally. He advises focusing on the total credit of the United States (government, mortgage, and corporate), which stands at around $84 trillion, according to the Federal Reserve of the United States, and growing at a rate of 5.9%, with nominal GDP growth close to 8%. Gross attributes the current euphoria surrounding artificial intelligence to the belief in a higher GDP growth rate above historical levels, explaining the current stock market levels. He warns that the expansion of personal, corporate, or government balances must be balanced in the medium and long term, as excessive debt can lead to excessive risk, while excessive capital can hinder profit growth in certain low-productivity growth cycles. Gross believes it is possible that the $1 billion in AI-related investments projected for 2027 will be financed solely through debt, while US debt levels reach historic highs in peacetime. The rise in future costs due to the aging baby boomer generation also adds to the equation. Gross acknowledges that unequal balance growth, fueled by increasing debt, has generated short-term growth but may prove detrimental in the long run. He asserts that this growth has also contributed to current inflation, with limited prospects for relief unless global fiscal expansion and indebtedness are contained. In light of this scenario, Gross advises investors to avoid bonds in their portfolio, with the exception of U.S. Treasury bills, which currently offer a 4.55% return. He advises caution regarding variable income in the maximum historical zone, as rising long-term returns will compress profit margins. Gross remains skeptical about hyper-scalers unless they exhibit a price-to-earnings ratio below 20. He believes that for some conservative U.S. investors, the high returns of Verizon and AT&T may be appealing, despite the challenges posed by Starlink Mobile's mobile business. In summary, Gross outlines his current strategy as one focused on preservation and protection.",
  "summary": "La estrategia actual del inversor y cofundador de Pimco es \"preservar y proteger\". Leer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}