In his latest monthly report Bill Gross says QE is unlikely to work and is essentially ponzi finance. Many of his comments appear contradictory, however. He says the bull market in bonds is over, however, the economy is stuck in a liquidity trap. He also says QE won’t work, but that it is inflationary. Attached is his commentary on CNBC this afternoon:
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.