Bill Gross: Investment Grade Bond Markets – Bon Appetit!

Investment Grade Bond MarketsBon Appetit! by Bill Gross, Janus Capital

The economist Joseph Schumpeter once remarked that the “top-dollar rooms in capitalism’s grand hotel are always occupied, but not by the same occupants”. There are no franchises, he intoned — you are king for a figurative day, and then — well — you move to another room in the castle; hopefully not the dungeon, which is often the case. While Schumpeter’s observation has obvious implications for one and...

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