Ex-manager of PIMCO and the current boss of the fund Janus, agitating the US Federal Reserve - to raise the rate in the near future for the benefit of the American economy ... or it will be too late - on materials AMarkets.
Bill Gross believes that the 2% rate does not hurt FEDu, which already has a huge debt that he was unable to pay for the previously agreed schedule. Raising rates also lead to falling stock prices and bonds. However, in the words of Gross, referring to the theory of the Volcker of 1979, the time has come to restore the function of savings instead of speculative assets. Gross sichtaet that financial markets peaked "ill health." Raising rates will certainly be painful, but the short and medium pain - this is normal. On the condition that waits ahead of long-term benefit. ZIRP - urgently needs to clean - advises the bottom line Gross.
Problems that the FED in its policy focuses on what to bring happiness to the elite, not allowing the shares to fall. On one side are the interests of the people (the notorious middle class), which needs stability and the opportunity to receive a sensible income from the use of simple tools such as bonds and bank deposits.