US would sink into recession without ECB and BOJ QE says Gross

Author: Ryan Littlestone | Category: News

Janus's Bill Gross with his latest monthly outlook

  • Without ECB and BOJ QE, US 10 year yields would "rather quickly" rise to 3.5% and the US would sink into recession
  • Investors must go with and embrace this financial methadone fix
  • Without that financial methadone bonds and stock markets would sink producing a tantrum of significant proportions
  • QE will continue even though the dose may be reduced in future years
  • It has created and will continue to create an unhealthy capitalistic equilibrium that one day must be reckoned with

Always looking on the bright side is our Billy.