If you were worried that the week would end without insight from Pimco
's Bill Gross
, fear not! The man has spoken
, and if you're a fan of Federal Reserve Chairman Ben Bernanke
, you may be tempted to talk back.
Gross told CNBC that Bernanke has "lost a little control when in terms of the real economy. As a matter of fact he never had it."
The anything-but-humble bond prognosticator also speculated on the current correlation between stocks and bonds, reasoning,"If bond prices go down, stock prices should go down as well."
It's all pretty simple in Gross' book, and comes down to the Japanese yen, which he argues is what global levered trade is dependent upon.
"A stable Japanese yen and a stable JGB yield and a stable Treasury yield, and once you produce instability, then that leverage starts to unwind, the housing market gets affected, and stocks come down."
See more details here
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