“Fed Won’t Raise for Years Amid Slow Payrolls Growth, Gross Says”
““Ultimately, the low interest rate and the negative real interest rate is a serious detriment to savings,” Gross said. “During periods of time like this in which governments are forced to move to extraordinary measures, it’s the saver that basically fronts a lot of the costs. That’s just not mom and pop. It’s the Pimcos of the world that invest a lot in bonds. We are earning a lot less than we used to.”” Read more.
Tom Keene
Bloomberg, December 3, 2010.
Image by Filomena Scalise / FreeDigitalPhotos.net.
