Relevant:
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- Gross Sees Subdued Asset Price Growth as Credit Expansion Slows
- Pimco's Gross Exited Commercial Paper in August, Holdings Show
- Bets on "Too Big To Fail" Finally Fail
- Bill Gross: Zero Interest Rates Have Killed Bond Market; Global Economy at Stall Speed
2012-10-11 — bloomberg.com
``Gross wrote in his monthly investment commentary last week that the U.S. will no longer be the first destination of global capital in search of safe returns unless fiscal spending and debt growth slows, saying the nation "frequently pleasures itself with budgetary crystal meth." Mortgages have accounted for 50 percent of the fund holdings since January as Gross correctly bet the Federal Reserve would announce a new round of monetary stimulus using the securities.''
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