PIMCO Total Return ETF’s Bill Gross: Stimulus ‘Increasingly Ineffective’
Posted on January 23, 2013 at 10:52 AM EST
PIMCO Total Return ETF (NYSEArca: BOND) manager Bill Gross on Wednesday said unprecedented global stimulus from central banks has buoyed stocks and risk assets, but that easy monetary policies are having less of a positive impact over time. Central banks writing checks and zero-bound interest rates...