Bill Gross: We’re Living In A Yellen World

We’re heading into a safer financial world with less risk-taking, lower returns, and repressive financial policies according to Bill Gross, who recently went on Bloomberg Surveillance to discuss the Federal Reserve’s decision to hold off on tapering.

Bill Gross' expectations for the future of banking

Bill Gross, who runs the world’s largest bond fund for Pacific Investment Co (PIMCO), expects that in the future banks will have more capital as regulatory agencies and clients both push them towards less risky portfolios and less downside, as we enter a period of low interest rates...