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“Fed Won’t Raise for Years Amid Slow Payrolls Growth, Gross Says”

““Ultimately, the low interest rate and the negative real interest rate is a serious detriment to savings,” Gross said. “During periods of time like this in which governments are forced […]

““Ultimately, the low interest rate and the negative real interest rate is a serious detriment to savings,” Gross said. “During periods of time like this in which governments are forced to move to extraordinary measures, it’s the saver that basically fronts a lot of the costs. That’s just not mom and pop. It’s the Pimcos of the world that invest a lot in bonds. We are earning a lot less than we used to.”” Read more. 

“Fed Won’t Raise for Years Amid Slow Payrolls Growth, Gross Says” 
Tom Keene 
Bloomberg, December 3, 2010. 
Image by Filomena Scalise / FreeDigitalPhotos.net.

 

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