252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 113

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THe GiRL oF THe HouR

Posted by williambanzai7

Post date 02042014 - 1450

Cracks in the ice capade

Roll Up Roll Up EU Place to Be ForCorruption

Posted by Pivotfarm

Post date 02042014 - 1811

As if we didnrsquot know it already The

Western world is the ultimate destination

for corruption pulling a swift one and

swiping the valuables from the inside

pocket of the guyrsquos pants standing in

Is Anyone Really Surprised That theSystem is On the Brink Again

Posted by Phoenix Capital

Post date 02042014 - 1507

We find it truly extraordinary that anyone is

surprised the financial system is under duress

again

Home

Bill Gross Warns China Is The Mystery Meat OfEmerging Markets

Submitted by Tyler Durden on 02042014 2130 -0500

Bill Gross Bond Brazil China Federal Reserve Global Economy

Investment Grade New Normal PIMCO Quantitative Easing Reflexivity

Total Return Fund Turkey Volatility

4

Financial systems are unstable with excessive risk-taking

warns PIMCOs now solo guru Bill Gross telling Bloomberg TVs

Stephanie Ruhle that in a Soros reflexivity Once you get the

levered system going it hardly knows when and where to stop

Credit as we have noted has been relatively more stable (though less

positive on the the way up) Gross notes and the way to get rich in

the past was to borrow money and to lever [up] but Gross explains

that now assets are artificially priced from this point forward

double-digit returns getting rich on leverage no You better look

elsewhere for ndash for your profits and not Asia China is the mystery

meat of emerging market countries Gross cautions nobody knows

whatrsquos there and therersquos a little bit of baloney

CHINA `MYSTERY MEAT OF EMERGING MARKETS

ERA OF GETTING RICH QUICKLY IS OVER

ERA OF GETTING RICH SLOWLY IS ALSO OVER

INVESTORS SHOULD PREPARE FOR MORE VOLATILITY

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 213

ERIK SCHATZKER I think wersquove got to start in the most obvious of

places Why are risk assets correcting What in your opinion is

behind the sell off

STEPHANIE RUHLE Why arenrsquot we seeing that kind of volatility in

the credit markets Yesterday Hyundai did an investment grade deal

and it blew out while I look at equities in emerging markets and

theyrsquore suffering Why is everyone still piling into credit

SCHATZKER Bill what happens next Would you call this just a bump

in the road or have markets made a detour and wersquore going to go down

this new road for a while

BILL GROSS Well risk assets financial systems are

unstable with excessive risk taking on one hand and

low returns on the other which in turn encourages

more risk taking Itrsquos sort of like Sorosrsquo reflexivity

Once you get the levered system going it hardly

knows when and where to stop And so thatrsquos what

wersquore seeing We have a highly levered global financial

system with hedged positions that are moving back and

forth based on emerging market countries and their

growth rates or expected growth rates And when those

change then positions change And as levered positions

change yoursquove got a lot of volatility and reflexivity as

Mr Soros would have said

GROSS Well credit is higher up on the stability

hierarchy I suppose Stephanie It ndash it usually is thought

of as a flight to quality not necessarily corporate bonds

or high-yield bonds but treasury bonds And when

investors want to park money in a supposedly safe haven

and we know that bonds arenrsquot necessarily safe all the

time they werenrsquot in 2013 but thatrsquos where money goes

Money comes back to the center so to speak of the

global financial network And the center at the

moment are one two three developed countries

That certainly includes the United States And so we

see treasuries being bought treasury rates coming down

under the assumption that the Federal Reserve will stay

put for perhaps a long long time

GROSS Well I think we will for a while Erik meaning for a

long long time Wersquove talked about this with the new

normal The new normal really didnrsquot apply to the equity

market last year did it Thirty percent was certainly

not normal But what we see going forward is a global

marketplace and a global economy where growth is

slow

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02-05 140 If China is so unimportant

(Dubaibanker)

02-05 138 youve been sucking obummers

(damicol)

02-05 137 How about just removing the (Jam)

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(DoChenRollingBearing)

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puppets a)

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(DoChenRollingBearing)

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(satoshi911)

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(tenpanhandle)

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 313

SCHATZKER Bill is that to say that nothing else has yet gotten

cheap enough to tempt you

RUHLE All right Mystery meat is disgusting I remember my high

school cafeteria Tell us what investors are doing in terms of inflows

and outflows Theyrsquove gotten very spoiled in the last couple of years

with all the central bank intervention Itrsquos been very cushy So this

week your phone is ringing and what are they saying

And to the extent that financial asset prices like stocks

and other risk assets have anticipated that growth

rate thatrsquos always a subjective judgement And it was

six to eight weeks ago To the extent that that growth

rate comes down then risk assets become at risk and

more volatility So I think itrsquos all dependent upon a growth

rate on the global economy And certainly in the United

States we saw some bad numbers over the past few

days and we wonder whether or not that 3 percent

growth rate in 2014 is for real

So look at growth and look at inflation by the way for

an indicator in terms of where the Fed goes Because

as we know where the Fed goes where quantitative

easing goes and tapering and ultimately the policy rate

which is critical where that goes is dependent upon not

just growth but inflation And so the inflation target

numbers that we see close to 1 percent are clearly

indicative of where bonds might rest and ultimately where

stocks might go as well

GROSS Well therersquos no doubt that emerging markets

are getting cheaper The problem is emerging markets

have problems Take examples such as Brazil and Turkey

These are countries with widening current account

deficits These are countries which by necessity in order

to stabilize their currency have to raise interest rates and

put their economy at risk in terms of slower growth So

the question becomes whether a 13 percent three-

year rate in Brazil relative to a 10 percent policy rate

is an attractive situation We think itrsquos getting there

Brazil is not going anywhere in terms of straight

downhill Itrsquos a country on the move so to speak and an

important emerging market country but to a certain

extent itrsquos a fair question as to whether prices have been

adequately discounting the slower growth that I speak to

I think wersquore beginning to get there The last wild card

Erik in terms of emerging market space obviously is

China Is it 6 percent Is it 7 percent Is it 5 percent I

call China the mystery meat of emerging market

countries Nobody knows whatrsquos there and therersquos a

little bit of baloney so wersquore just going to have to

wonder going forward through this year as to the

potential problems in China and other emerging

markets

GROSS Well theyrsquore saying we want safety in

principal This is a Will Rodgers idea Stephanie back in

the lsquo30s Not so much concerned about the return on my

money as the return of my money What product does

that represent in terms of that possibility Something with

a relatively short duration and something with relatively

short credit risk or credit spreads Unconstrained bond

funds are one example at PIMCO that are garnering a

lot of attention Irsquove been managing that recently and

itrsquos doing really well

The total return fund is doing really well Itrsquos up 15 to 2

percent for the month with some good stability and

prospects for inflows So bonds are back Theyrsquore not all

the way back and I doubt theyrsquoll get all the way back

to the point of 16 18 months ago in which interest

rates in the 10-year was at 165 But bonds have a ndash

have a stable position in almost all portfolios if only

for diversification So unconstrained bond funds lower

duration bond funds diversified income equities at some

252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 413

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RUHLE So nobodyrsquos getting rich anymore

Average

Your rating None Average 47 (3 votes)

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point At PIMCO yes wersquore promoting equities as well

and so therersquos a place for all of them

One last point though I think the era of getting rich

quickly is over and I think almost that the era of

getting rich slowly is over too And so investors should

simply bring down their return estimations and

prepare for a little bit of volatility going forward

GROSS Well not many The way to get rich in the past

was to borrow money and to lever hedge funds and

levered corporate situations in terms of buyouts et

cetera et cetera or to buy the stock market in 2013

which itself is a levered type of investment Corporations

borrow 40 to 50 percent of their balance sheet They

lever up and you can buy equities in a levered type of

situation So leverage over the past 20 to 30 years

Stephanie has really produced this total return high

return type of investment market that investors have

grown used to Pension funds think 7 8 9 percent is

what they should expect which means 4 percent from

bonds and 12 percent from stocks Not going to happen

because basically wersquove been priced into the market

Assets are artificially priced And from this point

forward double-digit returns getting rich on

leverage no You better look elsewhere for ndash for your

profits

A dvertisement

252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 413

Next Gen solutions forshocking muscle gains

How to build musclefast

Essential Tricks toHelp You Retire Early

How to lose weightfast and keep it off

RUHLE So nobodyrsquos getting rich anymore

Average

Your rating None Average 47 (3 votes)

raquo Login or register to post comments 5726 reads Printer-friendly

version Send to friend

- advertisements -

1 Most Reliable Cars

2 Top-Ranked SUVs

3 Best New Cars to Buy

4 Herbs for Diabetes

5 High CD Rates

6 How to Lose Belly Fat

7 Top 10 Credit Cards

8 Trendy Haircuts

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Peter Schiff amp Marc FaberoutsiderclubcomMarc_Faber

They Know Whats About To Happen ampYou Need To Listen Free Report

Trade with ADS Securitiesads-securitiescom

Open a Free Demo Account with MiddleEasts Best Broker of 2013

Trending Articles and Offers

point At PIMCO yes wersquore promoting equities as well

and so therersquos a place for all of them

One last point though I think the era of getting rich

quickly is over and I think almost that the era of

getting rich slowly is over too And so investors should

simply bring down their return estimations and

prepare for a little bit of volatility going forward

GROSS Well not many The way to get rich in the past

was to borrow money and to lever hedge funds and

levered corporate situations in terms of buyouts et

cetera et cetera or to buy the stock market in 2013

which itself is a levered type of investment Corporations

borrow 40 to 50 percent of their balance sheet They

lever up and you can buy equities in a levered type of

situation So leverage over the past 20 to 30 years

Stephanie has really produced this total return high

return type of investment market that investors have

grown used to Pension funds think 7 8 9 percent is

what they should expect which means 4 percent from

bonds and 12 percent from stocks Not going to happen

because basically wersquove been priced into the market

Assets are artificially priced And from this point

forward double-digit returns getting rich on

leverage no You better look elsewhere for ndash for your

profits

A dvertisement

252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 513

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Tue 02042014 - 2132

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02042014 -

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fijisailor

The latest Snowden

interview with German TV

httplibertyblitzkriegcom20140204video-of-the-day-edward-

snowdens

macholatte

China is the Predator of Planet Earth Everyone else is

mystery meat

Leveraged Algorithm

The

unconstrained

bond funds are the

mystery meat Full of derivatives and will suffer huge

losses when Kyle Bass has the Japan default High yield

short duration - are you fucking nuts Get ready

Wahooo

Yep They

cook up

shit and they dont

even know whats

in it

Boris

Alatovkrap

Boris is

one

time

travel in China Food is get very very boring and

more is grotesque One day restaurant is serve very

delicious meat dish Boris is ask waiter what is

inside but Boris is forget dictionary at hotel in room

so just nod head Other dinner guest is also enjoy

so we are order more and more until so stuffing

cannot move from table So sit and talk sit and talk

very laughter gregarious moment After hour or so

Boris is once again hungry and is remembering

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 613

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02052014

- 0127 |

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delicious meat dish so is put on full plate and start

eat again Big mistake Now is cool off as Boris is

take bite is realization meat is not meat but is deep

fry testicle sack

No no Boris just kidding Actually is deep fry pork

fat But is grotesque and now Boris is can never

again to eat China epicurean

TheGoldMyth

Boris you could ask for your money

back from The Peoples Bank of China

Take deep fry testicle sack to owner

(Central bank PBC ) and convert back into

Yen

TheGoldMyth

Wahoo

Exactly like

America where GMO want to remove labeling so

people do not know if product is GM or not Nobody

would know what organism they are eatingIt could

be genetically modifiedengineered chicken

fetus pate and the labeling wouldnt say so It

might be sold as Chicken Spread

What is in cooked up in financial product is no

different

Leveraged Algorithm

Bill is fighting

to keep assets

as Pimco

implodesMost work he has done in years

TheGoldMyth

macholatte

You need to

look more

closely at who owns the country or governs it This is

usually a central bank

In modern times governments and countries are not

souvereign instead they are privatisedowned by their

respective central banks that dictate to the governments

what they want to happen Policy and so forth The word

China or the word America are owned by a private

central bank One day country names will be removed

to avoid the confusing people like yourself For instance

America will be called simply FED Another example is

Greece where instead of telling someone (In order to

impress) that you are going to the greek islands for a

holiday you would say i am going to the JP Morgan

islands -)

EDIT OopsMIstake China would be called The Peoples

Bank of China so people going on holdiays there would

say HeyI am going to The Peoples Bank of China

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 713

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or PBC for a holiday

From Wikipedia

The Peoples Bank of China (PBC or PBOC) is the central

bank of the Peoples Republic of China with the power to

control monetary policy and regulate financial institutions in

mainland China The Peoples Bank of China has the most

financial assets of any single public finance institution in

history[2]

The Dunce

China has been

blowing up for forever and a day Yet it keeps chugging

on Im not holding my breath Doomsday will happen

when the sun starts burning hydrogen in another 10 billion

years Until then we should be OK

Skateboarder

Skip to 1130

Something weird about this guy

PGR88

Its his hair-cut

The Left side

goes well over

his ear but the right side is very short

With his money you would think he could afford a decent

hair-cut

steve2241

Im not sure

what youre

referring to

but its been reported in the media that he takes medicine

for epilepsy

Tim_

Whether itrsquos

provided I

canrsquot speak to until itrsquos

been reported because it would be classified and I prefer

that journalists make the distinctions and the decisions

about what is public interest and what should be published

(Source)

I donrsquot want to pre-empt the editorial decisions of

journalists but what I will say is therersquos no question that the

US is engaged in economic spying (Source)

However as Irsquove said before I prefer for journalists to make

those decisions in advance review the material themselves

and decide whether or not the public value of this

information outweighs the sort of reputational cost to the

officials that ordered the surveillance (Source)

stant

ides of march my

father was 7th armour my father inlaw 1st and 6th marinei

thank god for edwardi would rather be poor and free than live like

a slave

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 813

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Cacete de Ouro

The more time passes

the more likely it seems that Christopher Walken and Bill

Gross were actually separated at birth

The Gooch

moar gong

macholatte

more cowbell

httpwwwebaumsworldcomvideowatch628756

A Buttle

That is one smart

skeleton

AdvancingTime

Fast growth tends to

mask flaws and weakness within a system and China has

been growing like a weed for years To make things worse

many of the investment decisions were driven by politics This has

created massive overcapacity Money has been poorly allocated

and often shoveled into deep holes like ghost cities and bridges to

nowhere

Currently a 66 trillion dollar spending spree used as stimulus to

combat global economic slowdown is coming back to haunt China

This has greatly expanded credit and created huge overcapacity

during the past five years A massive debt crisis now looms in the

offing as companies struggle to repay loans taken on newly built

factories that sit idle because of weak demand More on this

subject below

httpbrucewildsblogspotcom201311china-land-of-

overcapacity-and-de

fijisailor

Its hard to

envision collapse in China with their huge share of the

market for nearly every manufactured item Go to any country

and simply view the assortment and quantity of products made

in China Mismanagement and inefficiency on one hand but

huge productive output on the other On top of that the

information coming out of China is not believable and very few

know whats going on within

FreeMktFisherMN

its their

proclivity to

save (and in

terms of PMs evidently) that has carried them They

understand the value of savings whereas Western nations

are about borrowing and consuming

TruthInSunshine

China is the mystery

meat Battered deep fried General Tsos Chicken

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 913

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Did it go Woof Woof Eeek Eeek Or Meow

NoDebt

Translation Im on

the wrong side of this and out of ideas

4shzl

Id guess this is his

usual head fake and that hes buying the 30-yr as fast

as he can

Dr Engali

I have a word for you

to consider Bill Retirement

syntaxterror

How much mystery

meat is in Bills bond fund that yields 275 Anyone even

care to guess

Cacete de Ouro

high yield =

extended quality = goat meat

disabledvet

I think if youre a bank

you can become more than rich restructuring debt and

getting those mines factories and energy plays moving

I agree it wont be easy though

Asset prices are all out of whack (no questions about California real

estate in this interview) and its really hard for me to see how we

get from here to there in the sense of being something other

than a speculator

A lot of risk on the table

Some of the losses over the past six months have been truly

spectacular

And the leverage these clowns are playing around with

well what other asset is left as far as capital appreciation goes

here

A drop in yields to one half of one percent on the thirty year would

make quite a statement

httpwwwyoutubecomwatchv=RcL6DwSufMI

Carl Popper

China is the country of

the future

and always will be

FredFlintstone

The future aint what

it used to be Yogi

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

httpwwwzerohedgecomnews2014-02-04bill-gross-warns-china-mystery-meat-emerging-markets 1013

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PGR88

ERA OF GETTING

RICH QUICKLY IS OVER

ERA OF GETTING RICH SLOWLY IS ALSO OVER

ERA OF GETTING POOR QUICKLY HAS BEGUN

chump666

Kinda makes me wonder

why Faber is suggesting the 10yr for safe-haven the bond

markets could be in for trouble if Asia starts implicating

capital controls to stop their currencies collapsing and outflows

despite this slowdown

Philippines 0402 GMT [Dow Jones] Bangko Sentral ng Pilipinas

will raise overnight interest rates by 50 bps in the second half

of 2014 according to most of 11 economists in a poll by The

Wall Street Journal

satoshi911

Faber is rather

consistent stay with KING DOLLAR while he is king

problem is the exit I suspect that FABER knows that

the the US-Treasury is very liquid

IMHO I follow the school to keep your $$$ in HKD which is 100

tied to UNCLE-SAMs nut-sack but should the USD implode

HKD will become RMB ( tied to YUAN nut-sack ) over-night

thats the only safe bet

I think that FABER wants to keep it safe

Lastly if FABER was to tell MORONS to NOT put their

money into the US-TREASURY debt he would NOT be on

USA MSM TV FABER obviously gets great pleasure from

being an expertguru on TV but the actions that he is

allowed to give the viewers are essentially KEEP YOUR

MONEY IN THE USA

On the other hand privately him and Rogers say to

diversify your CASH

Only 3 AAA currency SGD CHF and NOKCNY Right

chump666

Interesting But

in relation to

Grosss fears and

general fears that Asia is ready blow or implode taking the

whole EM complex down with it I would 100 watch

capital controls on EMAsian outflows this will have an

impact on the so-called liquid bond markets for safe

havens Remember Japan bond and stock meltdown June

2013 This could happen in America and could destroy

billions in seconds We are living in very dangerous time for

markets The 80 on the DXY is drawn by the Fed they

know a USD crisis is stone throw away All and all this

whole market could blow up spectacularly for ALL save

havens except physical gold being the only haven

satoshi911

Only 3

AAA

currency

SGD CHF and

NOK (CNY) Right

Its a great narrative that all currency will collapse and

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

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everything is fucked just like the USA but thats not

how history shows it

When hyper-inflation comes money just moves

Like Fabers great toilet bowl sloshing money from one

bowl to the next India to UK to USA

You have to diversify and there is NO reason that those

with AAA will take the hit Its a great narrative that

when the USD fails that everything else fails but I dont

buy it and history says other wise

We all wait and pray for when the USDUSA goes tits

up sadly it may not happen in our lifetime

King DOllar is backed by the most homocidal armed

MOFU in all of human history and hes not going to shut

up or go away silently

I dont buy a black-swan just like its been since the

1970s just more loss of USD buying power and the

USA descends into a FEUDAL nation and keeps

funding the FSA to keep the convicts in their homes

Japan has pulled it off for 30 years now certainly the

USA will do the same FIAT to INFINITY in secret and

Tapered in PUBLIC

Those banking on a black-swan collapse of the USA

will be dissapointed a CIVIL-WAR yes but that is

just because the USA is desperate for a RESET and

now with the lack of conscription you cant even

send them off to die in foriegn wars anymore

The USA will just get more Orwellian and harder to

leave

Most likely MILLIONS will be sent to FEMA-CAMPS in

HILLARY-2016 and ZH will not even report it as

news thats how conditioned you will all be to in

seeing frogs boiled alive

Smart Red-Necks are already putting their HILLARY

2016 Bumper Stickers on their F100s

satoshi911

Fire - FIRE - LOOK

over there

It seems that every fucking guru andor expert is saying LOOK

OVER THERE when you see or hear an orchestra look for a

conductor Me thinks there is something at home they dont want

you to see

Its fairly clear that in ASIA markets are dropping cuz folks are

getting out of the stock market in the meantime the USA

market goes up cuz the FED just keeps buying more stock

I suspect this is to make it appear that the USA is as safe as

fucking an HIV whore with a condom

When I search the news the 1 story I see is not CHINA IS

FALLING but here on ZH they certainly want you to think so

How is GROSS doing for his customers Anybody as big as him is

sucking AIPAC cock and you know it Why the fuck has he not

retired to Tel-Aviv and enjoying his short life

One last argument for DEAR LEADER GROSS cuz it PISSES me

off the way folks got rich from 1950 to 1990 aka BUFFET-

BITCH and GROSS-BITCH The way fortunes in the USA were

made was to BUY companys rob the pension fund cash and

replace with IOUs Rinse and repeat and today all pensions in

private sector are gone

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

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Gross is a world class asshole and criminal to attempt to tell

morons that GREAT FORTUNES were made by INVESTING they were

not all great fortunes in the past 40 years were made by

THEFT

satoshi911

About 10 of the

CONTENT of the GROSS interview was on CHINA but ZH

put CHINA on the post title enough said its all what we

call blogger fodder to send commenters to their keyboard death

Goldman-SachsAIPAC has a hardon for CHINA this we know

Telling that GOLDMAN-SACHS sold all their interest last MAY in

ICBC then and only then did they go full retard to give it a

bad name but all the toxic mystery meat in question here

came from the Goldman-Sach NUT-SACK

TheGoldMyth

Steve Keen on private

debt and Australia and BitCoin as an enduring platform

Published on Jan 22 2014

Steve Keen is a well-known economist who is considered one of

the leading critics of mainstream economics treatment of debt and

money He considers himself a post-Keynesian in that he adheres to

John Maynard Keynes idea that demand matters in the long as well

as the short run But his focus is debt and specifically how Hyman

Minskys financial instability hypothesis is reflected in highly

indebted economies

Right now Dr Keen is working on an ambitious mathematical model

of financial instability called simply Minsky

Erin Ade spoke with Dr Keen about debt generally and private debt

specifically as well as the Australian economy

Also Erin Ade and Edward Harrison discuss how Bitcoin purchases

at casino hotels will be processed through BitPay a service that

streamlines transactions using tablet and mobile interfaces Could

BitCoin itself crash and burn but the platform and application

endure anyway

Spungo

Bill Gross plays Fallout

3 Who knew

Bdelande

Note to the Federal

Reserve

Dear Janet February 4th 2014

If I may be so forward I felt compelled to pass on a quick note

from a most concerned permanent resident of the United States of

America

Purposely degrading this Nations hard earned reserve currency

status that was so honorably delivered to you by previous

generations who built this great country from the ground up

through their virtuous and industrious blood sweat and tears only

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252014 Bill Gross Warns China Is The Mystery Meat Of Emerging Markets | Zero Hedge

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to then implement a disgracefully lamentable monetary policy which

deliberately steals from future unborn generations in order to

facilitate living standards beyond our means so as to maintain an

unearned undeserved and unprincipled culture of grotesque mass

over-consumption can only be characterized as a deplorable

unconscionable abomination of Biblical proportion

Respectfully yours

Le Baron Bruno Camille Soucanye de Landevoisn

chump666

A really good point

GROSS Well not many The way to get rich in the past was

to borrow money and to lever hedge funds and levered corporate

situations in terms of buyouts et cetera et cetera or to buy the

stock market in 2013 which itself is a levered type of investment

Corporations borrow 40 to 50 percent of their balance sheet They

lever up and you can buy equities in a levered type of situation So

leverage over the past 20 to 30 years Stephanie has really

produced this total return high return type of investment market

that investors have grown used to Pension funds think 7 8 9

percent is what they should expect which means 4 percent from

bonds and 12 percent from stocks Not going to happen because

basically wersquove been priced into the market Assets are artificially

priced And from this point forward double-digit returns getting

rich on leverage no You better look elsewhere for ndash for your

profits

Leverage up and buy a shtload of lottery tickets better chance

Dubaibanker

If China is so

unimportant then why is Bill Gross talking about it

Why not talk about Eritrea or Seychelles or Benin instead They are

very important to the global economic conditionsGross must

invest there if he does not like or understand China

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