Gross Expects Apology From Yellen But Apparently Not From Summers

With the stock market down significantly today, erasing much of Wednesday’s market jubilation over the apparent success of the U.S. Federal Reserve rate hike, Janus Capital’s Bill Gross is laying into Fed Chair Janet Yellen and he expects an apology. One wonders if he will hold his stated thought compatriot Larry Summers to the same standard for derivatives misdeeds? Gross holds Yellen and Keynesian outlook responsible for all economic wows Arm chair quarterbacking can be so easy at times. When market performance is in the rear view mirror it is so easy to say “would have, should have, could have.” With…