Janus's Bill Gross with his latest monthly outlook

  • Without ECB and BOJ QE, US 10 year yields would "rather quickly" rise to 3.5% and the US would sink into recession

  • Investors must go with and embrace this financial methadone fix

  • Without that financial methadone bonds and stock markets would sink producing a tantrum of significant proportions

  • QE will continue even though the dose may be reduced in future years

  • It has created and will continue to create an unhealthy capitalistic equilibrium that one day must be reckoned with

Always looking on the bright side is our Billy.