“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’ll serve as a caution for the housing market,” Gross said. “But in terms of a debacle, as in ’07, ’08, I don’t think we’re headed there.”
While at Pimco, Gross helped run the world’s largest mutual fund. He then ran a fund at Janus Henderson until he retired in March 2019.
