Bill Gross: “The World’s Central Banker” Has Flatlined U.S. Economic Growth

Friday, April 29, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
04/29/2016

In a recent interview, Bill Gross provided some further truthiness regarding the state of the U.S. economy and the unveiling of the Federal Reserve as the world’s banker.

As we’ve said countless times, Gross reiterates in the interview that the Fed’s only contribution to the real economy has been to help create more jobs that aren’t adding up to any real economic growth (i.e. waiter and bartender jobs at minimum wage). He points out that U.S. economic growth has in fact flat lined.

“I think what they have on their radar basically are the employment numbers as opposed to real economic growth. I mean goodness, this quarter for almost the second quarter in a row we’re close to the flatline in terms of economic growth.”

The Rest…HERE

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