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Bond King Bill Gross warns 'don’t own bonds' as long-term debt enters a new ear of volatility
"Be prepared for the end of 'what you are used to' stock markets and higher volatility in prices for the benchmark 10-year Treasury bonds."
In a Financial Times op-ed on Wednesday, he pointed out that government, mortgage and corporate credit now totals about $84 trillion.
“Too much debt can lead to too much risk and too much equity can lead to less earnings per share growth under certai... [3455 chars]
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