Bill Gross

“Demographics in mainstream economics has been under-emphasized for too long” – Andy Haldane, Chief Economist, Bank of England

“Will economists start to consider demographics when making their forecasts and developing government policies?” This was the question on my mind at a recent discussion on the topic of “An economy that works for everyone” at the UK’s Institute for Government.  The speaker was the Chief Economist of the Bank of England, Andy Haldane, and the Institute’s […]

“Demographics in mainstream economics has been under-emphasized for too long” – Andy Haldane, Chief Economist, Bank of England Read More

US incomes have plateaued since 2001 as Boomers turn 55+

More and more people are lining up to support our argument that central bank stimulus programmes are damaging the economy, not helping it.  The latest is bond guru Bill Gross, who wrote yesterday: “Zero bound interest rates destroy the savings function of capitalism….(whilst companies) have plowed trillions into the financial economy as they buy back […]

US incomes have plateaued since 2001 as Boomers turn 55+ Read More

Interest rate outlook more uncertain as Bill Gross leaves PIMCO

Last week’s departure of Bill Gross from his role as Chief Investment Officer at PIMCO is likely to prove a turning point for interest rates in the West, and probably around the world. Gross founded PIMCO (Pacific Investment Management Co) more than 40 years ago.  During this time he built its assets under management to around $2tn.   That is […]

Interest rate outlook more uncertain as Bill Gross leaves PIMCO Read More