Bill Gross: Investment Outlook

Posted by Bill Gross via Janus Capital

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“current concerns in the financial markets center around the absence of liquidity and the effect it might have on future market prices. I 2008/2009, markets experienced not only a Minsky moment but a liquidity implosion, as levered investors were forced to delever. Ultimately the purge threatened even the safest and most liquid of investments. Several money market funds appeared to “break the buck” which in turn threatened the $4 trillion overnight repo market – the center core of our current finance-based economy.”

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….read the entire article HERE