In the Margins
Bill Gross has urged the Federal Reserve to "get off zero and get off quick," maintaining that interest rate levels are harming the real economy and destroying insurance company balance sheets and pension funds. In his October Investment Outlook for Janus Capital, the bond guru said the central bank should acknowledge the destructive nature of zero percent interest rates over the intermediate to longer term. Read the original article from Reuters.
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Andrew "Buddy" Donohue has joined two of the five BNY Mellon (formerly Dreyfus) mutual fund board groups led by long-serving independent Chairman Joseph DiMartino. Donohue resigned ...
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