"The FED has to NORMALIZE RATES over a period of two,three,four years or the Domestic and Global Economy won't function." (Bill Gross)
Our FEATURE today focuses on an interview conducted by Barron's Magazine with famed bond fund manager Bill Gross who demeans the Fed's ZIRP and calls for a "normalization of interest rates". Gross maintains that ZIRP and NIRP have destroyed savers and pension funds. Other topics include: A review of Q1 results and the number one surprise, the battle of the Feds, the 8% jump in the Loonie, the failures of the ""living wills" test, the 17.5 PE Ratio and Brazil's pending Olympic disaster.
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