Nov 10, 2004

Gross on CNBC

"I would prefer to put my money in areas such as Europe, the U.K.,New Zealand and Australia where central banks clearly have reached their peak in terms of yields or are thinking of lowering rates," Gross said. "In the U.S. there's a lot of uncertainty, in other parts of the world there's less uncertainty and that's where money should move, in my opinion."

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