Bill Gross: The end is near

Bill Gross says that the Fed will raise rates “sometime this year. You know, if you’re sick in bed, you’re lying around for 24 hours, at some point you just want to get out of bed and walk around the house for a while. And I think the Fed wants to get off zero, if only to get a sense as to whether they can begin the process of getting healthy again.” When asked if there’s a bubble in stocks or bonds he says “I think both. I sort of have a sense of an ending. I think that the 35-year bull market in bonds and in stocks is ending. Now, when you say something like that, it conjures up a crash. It doesn’t have to be that way. It probably ends, like T. S. Eliot said, with a whimper and not a bang.” Full article: (VIEW LINK)


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