Jobs Data Is Sufficient for the Fed to Raise Rates

Bill Gross on how low interest rates stimulate asset prices, but not necessarily the economy

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Sep 04, 2015
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Bill Gross believes the zero interest rate policy has been very good for asset prices, but not for real businesses.

Gross notes how certain business models are broken as a result of this world of no interest rates. He cites the business models for insurance companies and banks, both of which are now unable to earn reasonable returns on safe investments.