Economics
‘Goldilocks’ Yellen Faces Tightrope With Record Debt: Gross
- Beware ‘Trump mirage’ of higher growth, lower taxes, he says
- Global debt levels are ‘like a truckload of nitroglycerin’
Billionaire bond investor Bill Gross, a fund manager at Janus Capital, discusses the state of U.S. financial markets and Fed monetary policy with Bloomberg's Erik Schatzker on 'Bloomberg Markets.' (Source: Bloomberg)
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Billionaire bond manager Bill Gross says central bankers must walk a tightrope to balance the cost of credit and the need to generate growth as debt levels reach records.
“Janet Yellen is a modern day Goldilocks,” Gross writes about the Federal Reserve chair in his monthly investment outlook issued Thursday. “How is she doing? So far, so good, I suppose. But our highly levered financial system is like a truckload of nitroglycerin on a bumpy road.”