Bill Gross Slams Broken Capitalism: “Policymakers Must Promote A Future Which Offers Hope As Opposed To Despair”
by Tyler Durden
ZeroHedge.com
01/29/2015
“Officials at the Federal Reserve – the most powerful and strongest of Parker Brothers – seem to now appreciate the hole that they have dug by allowing interest rates to go too low for too long…. While there is no better system than capitalism, it is incumbent upon it and its policymakers to promote a future condition which offers hope as opposed to despair. Capitalism depends on hope – rational hope that an investor gets his or her money back with an attractive return. Without it, capitalism morphs and breaks down at the margin. The global economy in January of 2015 is at just that point with its zero percent interest rates.”
The Rest…HERE
