When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.
Bill GrossWhy is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?
Bill GrossBonds despite their ridiculous yields will not easily be threatened with a new bear market.
Bill GrossIf financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.
Bill Gross