Some days I don't post anything, as I find nothing that really interests me and that I should pass along. Then along comes a day like today when I keep finding good reads. I know some of you see Bill Gross, but his latest piece really does need to be read. It is going to get harder and harder to deliver the returns that investors expect. Past performance is not going to be useful in an Endgame world. There are some real nugget paragraphs in here, that require thinking. "... financial assets cannot be elevated by zero based interest rate or other tried but now tired policy maneuvers that bring future wealth forward. Current prices in other words have squeezed all of the risk and interest rate premiums from future cash flows, and now financial markets are left with real growth, which itself experiences a slower new normal because of less financial leverage."