Reported 6 months ago
Longtime bond investor Bill Gross warned that if Donald Trump returns to the White House, it would worsen budget deficits and negatively impact the bond market even more than under a Joe Biden term. Gross, known as the 'Bond King,' believes Trump's policies advocating for continued tax cuts and increased spending would be more disruptive. Despite U.S. debt and deficits soaring under Biden, the Treasury Department issuing a flood of bonds, and Federal Reserve keeping rates higher, Gross remains bearish on stocks and warns investors to adjust their expectations. The worsening U.S. debt situation has also raised concerns from other prominent figures like Larry Fink, Jamie Dimon, and Janet Yellen.
Source: YAHOO