Bloomberg (April 26)
“With the BoJ dabbling in negative interest rates, JGB yields have gotten compressed to a maximum of 0.4 percent, and that’s at a maturity of 40 years. It’s as though Japanese financial institutions are sitting on a tightly wound spring. Even a small increase in the yield — a little uncoiling — could send the whole edifice flying, a risk Janus Capital’s Bill Gross cites as an example of ‘global monetary lunacy.’”
Tags: Bill Gross, BOJ, Financial institutions, Japan, JGB, Lunacy, Maturity, Monetary, Negative interest rates, Yields
USA Today (July 14)
“Raising the minimum wage can lead to higher corporate earnings,” writes Bill Gross, the founder of PIMCO. “Main Street is Wall Street’s best friend…. It is time to let common sense as opposed to the race for short-term corporate profits guide our economic future.”
Tags: Bill Gross, Common sense, Earnings, Economic future, Main Street, Minimum wage, PIMCO, Short-term corporate profits, Wall Street
