Imperceptibly, the developed world's manufacturing base was gradually eroding and being replaced by securitized finance that destroyed itself and nearly its economies in 2008.
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Other Quotes by "Bill Gross"

You know those adages about smelling the roses and chasing butterflies? The markets are my butterflies and my roses.
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Slow growth and inflation have a tendency to accompany large deficits and increasing debt as a percentage of GDP.
Tags: inflation, debt, slow, growth
When does money run out of time? The countdown begins when investable assets pose too much risk for too little return; when lenders desert credit markets for other alternatives such as cash or real assets.
Tags: real, desert, time, money
Favouring employment versus the financial markets is a decent policy; certainly not beneficial for the currency or the gilt market, but beneficial for the people.
Tags: decent, policy, financial, people
Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin' was good.
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