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Find below an interesting video of Bill Gross canvassing the Us shutdown and arguing that the appointment of Janet Yellen guarantees no move raise interest rate for several years (that is after taper is revoked). For what it’s worth, Gross has lost a lot of money betting against the taper for the past six months.
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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