Bill Gross Warns “Global Economy & Financial Markets Are Insecurely Grounded”

Monday, November 3, 2014
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/03/2014

“Perhaps sooner rather than later, investors must recognize that modern day inflation, while a necessary condition for survival, is not a sufficient condition for increasing wealth at a rate necessary to satisfy future liabilities associated with education, health care, and a satisfactory retirement. The real economy needs money printing, yes, but money spending more so, and that must come from the fiscal side – from the dreaded government side – where deficits are anathema and balanced budgets are increasingly in vogue. Until then, deflation remains a growing possibility – not the kind that creates prosperity but the kind that’s the trouble for prosperity.”

The Rest…HERE

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