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Bill Gross thinks Fed, ECB are ‘casinos’ printing money

Janus Capital’s Gross tells investors to reduce risk in their portfolios

Geithner Provides "Wiggle Room" on U.S. Deficit,   Bill Gross Says

 

Bill Gross has never hidden his dislike for central-bank stimulus. But in his latest investment outlook, the bond guru doubled down, calling central banks “casinos” that “print money as if they were manufacturing endless numbers of chips that they’ll never have to redeem.”

The billionaire bond investor has made the point before that record-low interest rates as a result of ultra loose monetary policy by central banks across the globe are distorting financial markets.

Read the full story at Market Watch, by Ellie Ismailidou

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