https://www.janus.com/bill-gross-investment-outlook
Some of the interesting points from legendary bond king Bill Gross.
-QE Trickle Down Economics that started after the 2008 election has not passed significant benefits to middle class.
-Growing gap between rich and poor is a problem and it is getting worse.
-Adding more debt to solve debt problems isn't working and could only work in rare situations.
-Should have rebuilt infrastructure of country instead of adding other less beneficial debt.
-The artificially low interest rates have led to more debt and a currency war.
-Likely that there will be a rough patch ahead from our actions.
Future Generations will ask:
"How could they? How could policymakers have allowed so much debt to be created in the first place, and then failed to regulate their own system accordingly? How could they have thought that money printing and debt creation could create wealth instead of just more and more debt? How could fiscal authorities have stood by and attempted to balance budgets as opposed to borrowing cheaply and investing the proceeds in infrastructure and innovation? It has been a nursery rhyme experience for sure, but more than likely without a fairytale ending."