Bill Gross: ZIRP Exacerbates Pension & Retirement CrisisMark Melin
There is a long history of financial repression in the United States, observed Bill Gross, a bond trader at PIMCO, profited greatly from the largest secular downtrend in interest rates in history. And what he sees now is not only troubling for bond investors and the U.S. economy, but could exacerbate a pension and retirement funding crisis.
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