Bill Gross Says Yellen “Worships False Idols” So “Worry About The Return Of Your Money, Not On It”
by Tyler Durden
ZeroHedge.com
Jul 6, 2016
“Investors should not hope unrealistically for deficit spending any time soon. To me, that means at best, a ceiling on risk asset prices (stocks, high yield bonds, private equity, real estate) and at worst, minus signs at year’s end that force investors to abandon hope for future returns compared to historic examples. Worry for now about the return “of” your money, not the return “on” it.”
The Rest…HERE
