Monthly Investment Outlook from Bill Gross# Stock
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Comparing the U.S. economy to the game of Monopoly, Bill Gross says
capitalism depends on those with capital hoping they can earn a positive
return, and that by holding rates too low for too long, the Fed has crushed
that hope.The central bank, however, has begun to recognize the distortions
it's created, and will begin hiking "the Monopoly board's interest rates"
late this year, "hoping to avoid landing on the figurative Park Place and
Boardwalk in the process.""Bonds, despite their ridiculous yields, will not
be easily threatened with a new bear market."
capitalism depends on those with capital hoping they can earn a positive
return, and that by holding rates too low for too long, the Fed has crushed
that hope.The central bank, however, has begun to recognize the distortions
it's created, and will begin hiking "the Monopoly board's interest rates"
late this year, "hoping to avoid landing on the figurative Park Place and
Boardwalk in the process.""Bonds, despite their ridiculous yields, will not
be easily threatened with a new bear market."
