Investors lulled into ‘dreamland’ by central banks, warns Bill Gross

Financial Times/Robin Wigglesworth/11-15-2021

Advertisement for the 1960s television serial The Twilight Zone“‘It’s dangerous,’ Gross warned of accommodative central bank policy. “It’s all dreamland that’s been supported by interest rates that aren’t where they should be.'”

USAGOLD  note: Gross joins the ranks of prominent investment managers and commentators warning of twilight zone markets saturated with financial euphoria. He points out that the Fed is captive to the markets and cannot do much about it.

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