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Banks, insurance companies, pension funds and Mom and Pop on Main Street are stripped of their ability to pay for future debts and retirement benefits, central banks seem oblivious to this dark side of low interest rates. If maintained for too long, the real economy itself is affected as expected income fails to materialize and investment spending stagnates.

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Reuters 4 years ago

Bill Gross

William Hunt "Bill" Gross (born April 13, 1944) is an American financial manager and author. He co-founded Pacific Investment Management (PIMCO).

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    "Bill Gross Quotes." Quotes.net. STANDS4 LLC, 2021. Web. 17 Jan. 2021. <https://www.quotes.net/citizen-quote/214839>.

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