+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Bill Gross calls the bond market a 'supernova that will explode one day'

Jun 9, 2016, 20:06 IST

Bill Gross is worried. 

Advertisement

In tweet fired out on Thursday, Gross said the bond market - and its $10 trillion of negative-yielding bonds - is, "a supernova that will explode one day."

Now, for regular readers of Gross' monthly commentary his apocalyptic views on the global economy aren't exactly new, though this supernova imagery is particularly vivid. 

Earlier this month, for example, Gross said the last 40 years of investing history - a period that has seen both stocks and bonds rally - are a 'black swan' event that won't be repeated again. 

Advertisement

And elsewhere in space-related doom metaphors, Gross earlier this year said capitalism is dying and will blow up, sun-like, before the actual sun blows up (we've got about 5 billion years for that). 

NOW WATCH: Here's why flights take longer than they did 50 years ago

Please enable Javascript to watch this video
Next Article