MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 15, 2012 Gross Says "the Great White Whale Lies on the Horizon" Pimco [profile] star Bill Gross writes in the Financial Times that he sees a whale of a time coming for investors as the global monetary crisis continues. Gross believes major changes to the global system may be in store as smaller surplus economies gain power to counter the larger, in-debt countries. "There is the potential for both public and private market creditors to effect a change in how credit is funded and dispersed – our global monetary system," Gross writes. "What that will look like is a conjecture, but it is likely to be more hard money as opposed to fiat-based, or if still fiat centric, less oriented to a dollar-based reserve currency." Printed from: MFWire.com/story.asp?s=40011 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |