Gross Says Investors Must Embrace QE’s ‘Financial Methadone’
- ECB and BOJ pulling support would sink markets, manager writes
- Foreign banks to keep rates low, limiting rise in U.S. yields
Bill Gross Says Strong Dollar Is a Threat to Growth
This article is for subscribers only.
Billionaire bond investor Bill Gross says investors should plan for asset purchases by global central bankers to continue to dominate financial markets and keep interest rates artificially low.
“For now, investors must go with, indeed embrace this financial methadone QE fix,” Gross wrote in a monthly investment outlook published Monday. “Quantitative easing will continue even though the dose may be reduced in future years. But while a methadone habit is far better than a heroin fix, it has created and will continue to create an unhealthy capitalistic equilibrium that one day must be reckoned with.”