Former BondKing Bill Gross: The entire financial system could collapse if interest rates are not raised and huge bond-buying programmes are not scaled back, because people will stop saving.
Famed investor Bill Gross has said ultra-loose monetary policy from central banks has caused worrying euphoria in a range of markets from stocks to crypto assets, saying investors are living in a “dreamland.” “It’s dangerous,” the co-founder of bond giant PIMCO told the …