Friday, May 27, 2016

Bill Gross*:
"The System Itself Is At Risk,
A Day Of Reckoning Is Coming"
Bill Gross* is worried about how the stimulus from central banks worldwide has artificially pushed up value of stocks & credit .. on Japan: he says that the only way for Japan to eventually cut its debt burden is for the central bank to acquire it & forgo repayment, a scenario that may play out in similar ways in other countries - "I think that’s where they’re headed. I’m not endorsing that. I think at some point, Japan will basically buy up all its debt and the central bank will forgive the treasury and try to move forward with that. I see no other way out for Japan .. Ultimately, they could own all the market."
LINK HERE to 'shorting credit' article
LINK HERE to the main article

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