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 GrossDollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries.
Bill GrossWhen the tide goes out, you get to see who's swimming naked. PIMCO has had its bathing suit on for a long time
Bill Gross