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There's been a lot of speculation on the condition of the US bond market in the recent years. For PIMCO and Bill Gross to come straight out and call a spade a
by thewileyone 16y ago
There's been a lot of speculation on the condition of the US bond market in the recent years. For PIMCO and Bill Gross to come straight out and call a spade a spade confirms the speculation.
The US is caught in currents that lead in two general directions: one, a slow recovery with a soft landing; two, a slow recovery with a very hard landing. There's nothing positive to look forward to.