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Bond Guru Bill Gross Reacts to the Tax Deal, Calls Government Dysfunctional

January 02, 2013 | About:
What is Gross saying with the deal in place?

- Thinks rally in the stock market actually stems from Japan and quantitative easing

- The economy is actually going to be impacted negatively by this tax deal

- The stock market was always anticipating some sort of deal being reached

- The deal does not in any way address spending, it only addresses the tax issue

- Investors need to be concerned about the fact that government is dysfunctional

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