Thursday, June 27, 2013
Bill Gross – July 2013 Investment Outlook: The Tipping Point
Tipping Point Speed Read
1) Yields and risk spreads were far too low two months ago.
2) Global markets were too levered and now they are derisking.
3) The bond market ship is not sinking. Expect low but positive returns in future years.
4) Don’t panic. Yell at someone!