Gross released his monthly investment outlook on Thursday and predicted that neither stocks nor bonds would be threatened by the eventual Fed tightening. The investment guru—formerly of Pimco, and now at Janus Capital—said that a slight rate increase will arrive in 2015, despite previously indicating that he did not see a Fed move on the horizon.
Gross made news on Wednesday when he broke with previous predictions of prolonged zero-rate policy, telling CNBC’s “Street Signs” that he now predicted that the Fed will raise its rates by 0.25 percent in a symbolic move sometime this year.
Thursday’s note postulated that global capitalism had begun to break down in the absence of hope that an investor can find an “attractive return,” but that some Fed officials had begun to “recognize the system’s distortion if only because inflation is going down, not up, in the process.”
via CNBC
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