Central banks have turned financial markets into ‘Vegas casino’ – investor

‘Unprecedented central bank monetary policies such as negative or zero rates have turned financial markets into a casino, said bond investor Bill Gross of Janus Capital. He recommends investors switch to gold and Bitcoin, if they want to keep their money.
“Our financial markets have become a Vegas/Macau/Monte Carlo casino, wagering that an unlimited supply of credit generated by central banks can successfully reflate global economies and reinvigorate nominal GDP growth to lower but acceptable norms in today’s highly levered world,” Gross said in his ‘Doubling Down’ investment outlook.’
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