Bill Gross: US would sink into recession without ECB, BOJ QE

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.

Key quotes:

   •   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

You may be interested

Allianz
shares19 views

Insurance Giant Allianz Is Testing a Token to Move Money Internally

Brian Evans - Apr 19, 2018

Allianz is testing a blockchain token to move money between its global affiliates.

Crypto
shares32 views

SEC Subpoenas Riot Blockchain Over Cryptocurrency Plans

Brian Evans - Apr 19, 2018

Various worrisome trends involving blockchain technology exist as of right now. One of the more popular solutions for struggling firms is to announce blockchain or cryptocurrency plans.…

Altcoin News
shares21 views

Social Snafu: Twitter Verifies a Scam Verge Cryptocurrency Account

Brian Evans - Apr 19, 2018

The official Verge account, meanwhile, has yet to get its blue badge. A fraudulent Twitter account is making the rounds in the cryptocurrency market, with anonymous cryptocurrency Verge…

Most from this category

%d bloggers like this: