It’s a breath of fresh air when a big money manager speaks the truth instead of perpetuating “Now is a buying opportunity of a lifetime” line of thinking. Bill Gross delivers again.
The global financial markets are a “shell game” thanks to government interventions like quantitative easing, and once the manipulation stops, the markets may drop, bond legend Bill Gross said Wednesday.
The only problem with the above is “may drop”. “Will drop” would be a much more accurate statement. Watch the video below, it is worth 3 minutes of your time.
Bill Gross Compares Global Financial Markets To A Giant Ponzi Scheme Google