Former BondKing Bill Gross: The entire financial system could collapse if interest rates are not raised and huge bond-buying programmes are not scaled back, because people will stop saving.

Famed investor Bill Gross has said ultra-loose monetary policy from central banks has caused worrying euphoria in a range of markets from stocks to crypto assets, saying investors are living in a “dreamland.” “It’s dangerous,” the co-founder of bond giant PIMCO told the …

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US Gross National Debt Spikes $1.2 Trillion in 6 Months, Hits $21 Trillion – These Dang Trillions Are Flying By So Fast, They’re Hard To See.

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The US gross national debt jumped by $72.8 billion in one day, on Thursday, the Treasury Department reported Friday afternoon. This March 16 is a historic date of gloomy proportions, because on this date, the US …

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