Gross thinks that central banks around the world are printing money as fast as possible and devaluing their currencies.
Gross doesn't think that this will end well, but admits the timing of the bad ending is very difficult to predict.
He doesn't think that the stock market is in a bubble, but he does think that the unusually low interest rates that we currently enjoy have to revert to something more normal.
Gross doesn't think that this will end well, but admits the timing of the bad ending is very difficult to predict.
He doesn't think that the stock market is in a bubble, but he does think that the unusually low interest rates that we currently enjoy have to revert to something more normal.
