“Central bankers (the Federal Reserve) have turned investing into a casino game with a bad ending about to happen….this cannot end well.”
Appearing on CNBC Gross says that institutions like the Federal Reserve, the European Central Bank and Bank of Japan, and their trillions of dollars in negative-yielding debt are presenting investors with some very unpleasant choices.
Gross compares today’s market to blackjack, writing that:
“central bankers cannot continue to double down bets without risking a ‘black swan moment’ in global financial markets.”
A “black swan event or moment” is defined by Investopedia as “an occurrence that deviates beyond what is normally expected of a situation and is extremely difficult to predict. Black swan events are typically random and are unexpected.”
Gross told his shareholders that-
“At some point investors — tired and suspicious of receiving negative or near zero returns on their money, may leave the traditional markets, for higher returning or better yet, less risky alternatives.”
Gross says that low interest rates and massive stimulus efforts have failed to generate strong economic growth and are endangering investors. Gross co-founded Pacific Investment Management (PIMCO). He ran PIMCO’s $270 billion dollar “Total Return Fund” and left PIMCO to join Janus in 2014.
Many of you who have attended Phil Cannella’s and Joann Small’s Crash Proof Retirement® Educational Events have voiced your own concerns about being invested in stocks, bonds and mutual funds. At Crash Proof Retirement®, we know that you can’t afford to lose 40%, 30% or even 20% in the next stock market crash. How can you make that money back if you’re already in retirement?
Get educated on the exclusive and proprietary Crash Proof Retirement® System that is 100% guaranteed to protect your retirement nest-egg principal from any market crash or downturn. It also leaves open the possibility that when the market goes up- your accounts go up! And your gains are always credited as interest so they can never be taken away.
Sound too good to be true? We invite you to get educated at the next Crash Proof Educational event near you. There is no cost…No obligation…just a Crash Proof Education from Phil Cannella and Joann Small. Call 1-800-722-9728 or register HERE.
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