Bill Gross - Although it is agreed that QE must end as it distorts incentives and inflates asset prices to artificial levels, the Fed's plan to taper may be...

Bill Gross - Although it is agreed that QE must end as it distorts incentives and inflates asset prices to artificial levels, the Fed's plan to taper may be too hasty, says Bill Gross, Managing Director at PIMCO. The Fed's view of the economy is 'fogged' as they do not see the structural impediments that will inhibit its ability to achieve higher growth, inflation and lower unemployment, says Gross. High levels of leverage have made the global economy far more sensitive to interest rates and if the Fed were to taper suddenly, economic growth would stifle. (VIEW LINK)


Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.