Bill Gross quacks the whip on other rich folks

What you need to know to get your Friday morning off to the right start, from InvestmentNews senior correspondent Jeff Benjamin. Today: Bill Gross quacks the whip, look out for the next housing bubble and what's happening to the Euro?

How PIMCO’s Bill Gross got so filthy rich and why he now calls other rich folks unwilling to pay higher taxes “Scrooge McDucks.”
Things you can say when you’re already rich

If we learned nothing from the 2008 financial crisis, it is that it is never too early to worry about the next real estate bubble.
Housing bubble redux
Linking homeownership to unemployment

The euro took a nasty nose dive overnight, hitting a two-week low on Friday after its biggest one-day decline in 16 months. The currency is falling on weaker inflation data that has the market betting that the European Central Bank will start cutting interest rates.
Euro drops, yen rises

Russia’s economic growth at less than 2% is a stark contrast to the 7% growth seen prior to 2008, and Russian Prime Minister Dmitry Medvedev wants the country’s central bank to cut rates below the 5.5% level it has held for more than a year.
Russian roulette

With the Twitter Inc. initial public offering expected to happen as early as next week, financial advisers should expect clients to start clamoring for a piece of the hottest ticket since last year’s Facebook IPO.
Keep in mind the Facebook offering is still regarded as one of the biggest busts in recent IPO history. Despite Facebook’s retail investor allure, the stock performed so poorly after its May 2012 offering that it took 16 months for the price to get back to the $42 IPO price.
Matching Twitter fundamentals to the IPO hype
Leave Twtitter IPO to the pros

Based purely on increased access and usage, it was pretty clear that Obamacare was going to be good for health care sector stocks. But now it looks like the disastrous website launch could also be good for certain brand name technology sector stocks.
Tech Surge

Leave it to a veteran financial adviser like Lew Altfest to find just the right words for coaxing reluctant clients into the best of alternative strategies.
Telling clients it’s time to stretch the portfolio