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Pimco's Gross Discusses What He Means by the Term 'Credit Supernova'

February 04, 2013 | About:

It must be hard to come up with something interesting to talk about every month, but Bill Gross does a pretty good job of it. His latest concept is "Credit Supernova" by which he means that the multi-decade growth in credit was the building of the massive "Credit Supernova" and now we have reached the point there the supernova has to begin contracting.

But don't take it from me; here is Gross explaining what it means and what investors should do because of it:

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