Over My Shoulder

Bill Gross on debt and deleveraging

February 8, 2012

Bill Gross has written one of his better pieces this month, with his usual flair for starting with a story and then going to his point. Where does debt go when it dies? Maybe back to where it came from. Always worth a read and this time even more so. Read it twice. Then think about deleveraging. The path we are on is not one that gets us back to 2005 for a long time.

Download - IO_Feb_2012_Global.pdf