In his latest investment outlook, bond investor Bill Gross said on Monday that without quantitative easing from the European Central Bank (ECB) and Bank of Japan (BOJ) the 10-year US. Treasury bond yield would “rather quickly” rise to 3.5% and the U.S. economy would sink into recession.
• Investors must go with and embrace this financial methadone fix
• Without that financial methadone bonds and stock markets would sink producing a tantrum of significant proportions
• QE will continue even though the dose may be reduced in future years
• It has created and will continue to create an unhealthy capitalistic equilibrium that one day must be reckoned with
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