Increasingly Addled

Regular musings from legendary Bond King Bill Gross is always entertaining and insightful, entertaining in that he is good at drawing his life experiences as lead-ins and analogies to the financial subjects at hand. This latest Outlook is no different – Increasingly Addled cited a past incidence where he was being ridiculed as being addled by the central bankers to which he wonders out loud who has the final chuckles, leading to his assessment of the failed monetary policy of the central bankers and ultimate advice: “What I do know is that our finance-based global economy is transitioning due to the impotence of monetary policy which has always, and is now increasingly focused on the elixir of low/negative interest rates. Don’t go near any modern day Delos Romans; don’t go near high risk markets, stay safe and plain vanilla.”

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