Bill Gross’s Tightening Derail Economy?
Could Bill Gross’s tightening derail economy view have mileage? Bill Gross, co-founder for Pacific Investment Management Co (PIMCO) the world’s largest fixed-income fund (with $600 billion AUM) fired a shot across the bow of the Fed’s Open Market Committee (FOMC), which is in charge of setting Fed fund rates, when he said that the economy can’t support higher interest rates. “The economy can’t support higher interest rates” BILL GROSS But could Bill Gross’s tightening derail economy view be overblown? Bill Gross has been dethroned so let’s play devil’s advocate. When a money manager plays a tune on stage it...
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