Bill Gross seems to agree with me....
Posted by Morgan on 7th Feb 2012
Followers of the Blog may have read that I am fearful of little or no market activity, a side effect of QE and ultra-low interest rates. Reading Bill Gross of PIMCO, demi-god amongst fixed income investors in this morning's FT, he seems to agree with me.
Noted he makes a far more intellectual argument taking from leading economic theories, but he gets to the same place (its a bit heavy going but his piece is attached for those that are interested.http://www.ft.com/cms/s/0/ad537e88-4ccd-11e1-8741-00144feabdc0.html#axzz1lcZx3tmt