“The System Itself Is At Risk” Bill Gross Warns, Shorts Credit As “Day Of Reckoning Is Coming”
by Tyler Durden
ZeroHedge.com
05/26/2016
Bill Gross, who manages the $1.3 billion Janus Global Unconstrained Bond Fund, said he is moving to sell credit risk and insurance on market volatility rather than buying long-term debt, because he believes a day of reckoning will come when central banks will no longer be able to prop up asset prices and investors will withdraw from markets.
The Rest…HERE
