Business & Economy · 1 view
Even ‘Bond King’ Bill Gross warns ‘don’t own bonds’ as long-term debt enters a new ear of volatility
PIMCO cofounder Bill Gross, who revolutionized bond investing with active trading strategies, warned the overall credit landscape has become unbalanced and cautioned against holding longer-term debt.
Summary
PIMCO cofounder Bill Gross, who revolutionized bond investing with active trading strategies, warned the overall credit landscape has become unbalanced and cautioned against holding longer-term debt. In a Financial Times op-ed on Wednesday, he pointed out that government, mortgage and corporate credit now totals about $84 trillion.
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