Tuesday, November 6, 2012

Bill Gross - bonds burnt to a crisp


Bill Gross is at it again with strong pronouncements concerning the risk of bonds. He is putting the US in the ring of fire, the combination of high annual deficits and large structural fiscal gap. Growth is not going to solve this problem because the structural issues need policy change. This is what the current election is all about and this is what will have to be addressed.

If you hold government bonds in the ring of fire, it is time to get out.

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