Fake Financial Markets
Influential bond investor Bill Gross of Janus Henderson Investors Gross, with $2.1 billion of assets under management said in early October that “financial markets are artificially compressed and capitalism is distorted because of the U.S. Federal Reserve’s loose monetary policy.” “Fed’s loose monetary policy had resulted in investors chasing yield and thus producing tight corporate spreads everywhere around the globe” said Gross. “Fed’s loose monetary policy had resulted in investors chasing yield and thus producing tight corporate spreads everywhere around the globe” BILL GROSS “Even China and South Korea – perfect examples of the risk trade – are at...
Read More