Continuing his anti-establishment bent, in his latest letter “Red is the new black”, Bill Gross first exposes the “current global establishment’s (including Trump’s) overall plan” consisting of 8 simple steps to “solve the global debt crisis” (yes, the sarcasm is oozing), at which point he goes on to say that “it pays to not fight the tiger until it becomes obvious that another plan will by necessity replace it” and adds “that time is not now, but growing populism and the increasing ineffectiveness of monetary policy suggest an eventual transition.”
His monthly words of caution: ‘Red’ (in some cases) may be the new ‘Green’ when applied to future investment returns. Be careful – stay out of jail.”
The full Bill Gross’ latest monthly letter courtesy of Janus
Red is the New Green
I’ve got nothing against national anthems, and I wouldn’t kneel even if I was Colin Kaepernick. I just think as a country, ‘America the Beautiful’ might have been a better choice for ours and that in some cases, some words of ‘The Star Spangled Banner’ don’t ring true. A few countries’ anthems are, in fact, quite pleasing to my ear. ‘O Canada’ has a beautiful melody and words to match, although you’d probably have to be watching hockey to hear it. Our ‘Star Spangled Banner’? For me – not so much. I can sort of see the ‘rockets’ red glare’, but it’s hard to sing and quite long – especially if you’re waiting for the kickoff. But like I said, I have nothing against it, except maybe the last stanza. Not the ‘Home of the Brave’ part. Having spent two years in Vietnam, ferrying Navy SEALs up the Mekong Delta, I witnessed a lot of bravery. Not me. I was duckin’ quicker than Bill Murray’s gopher in Caddyshack. The SEALs though. Yeah – tough guys – very brave.
This post was published at Zero Hedge on Dec 6, 2016.