Mon, 10 Jun 2013
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Massive purchases of U.S. debt by the Fed and foreign governments has suppressed yields, pushing the risk/reward trade-off out of balance, says PIMCO's Bill Gross .
The Fed has played a key role in nudging the recovery along, but the taper of bond purchases won't torpedo the economy, says Morningstar's Bob Johnson.
PIMCO Manager Bill Gross says it is unthinkable that the U.S. would default on its obligations but that right now debt from nations such as Canada, Brazil, and Germany offer better yields and less risk.
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