“Savers are being disadvantaged,” says Bill Gross

By Prieur du Plessis, on May 28th, 2011 posted in: Economy, US Leave your comment

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Bill Gross, manager of the world’s biggest bond fund at PIMCO, talks about the US bond market and investment strategy. He speaks with Bloomberg Television’s Tom Keene.

Gross says “savers are being disadvantaged” 5 to 15 years when compared to creditors, as the US keeps borrowing rates low to reduce its debt burden and that investors should look to corporate bonds instead of US debt.

Source: Bloomberg, May 26, 2011.