Bill Gross: “Credit Supernova!”

Thursday, January 31, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/31/2013

Our credit-based financial markets and the economy it supports are levered, fragile and increasingly entropic – it is running out of energy and time. When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.

REPEAT: THE COUNTDOWN BEGINS WHEN INVESTABLE ASSETS POSE TOO MUCH RISK FOR TOO LITTLE RETURN.

The Rest…HERE

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