asterisk2a + alangreenspan + mariodraghi   1

Gross Says Low Quality of Debt Threatens Monetary System - Bloomberg
Bill Gross said the lower quality of sovereign debt represents a threat to the global monetary system.
Investors should favor debt of nations such as the U.S., Mexico and Brazil, and emphasize intermediate maturities over the next few years, Gross said in his monthly investment outlook posted on the Newport Beach, California-based company’s website today. Equity investors should seek companies that produce stable cash flow and that are exposed to high growth markets.

http://www.zerohedge.com/news/bill-gross-global-monetary-system-reaching-its-breaking-point

“The global monetary system which has evolved and morphed over the past century but always in the direction of easier, cheaper and more abundant credit, may have reached a point at which it can no longer operate efficiently and equitably to promote growth,”

The U.S. remains the ‘liquidity haven and a quality haven for the rest of the world, This is one giant deleveraging moment that will likely continue for a number of years.”
WallStreet  fiscal  policy  inflation  reflation  debtoverhang  Monetary  System  currency-war  currency  debasement  MarioDraghi  UK  BOE  MervynKing  trichet  benbernake  alangreenspan  bubble  banking  deleveraging  policy  folly  policy  error  policy  LTRO  USA  Europe  greatrecession  GFC  PIMCO  sovereign  debt  crisis  unintended  consequences  QE  ZIRP 
june 2012 by asterisk2a

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