This is the same Bill Gross who argued a few months ago that inflation is considerably higher than the CPI shows.
And of course continued ultra low rates threaten to expand and extend the housing bubble still further.
But apparantly that is no problem either.
Just another shill talking up his book IMHO.
BTW I well remember back in 2003 Bill Gross remained bearish on junk bonds until much of the move was over.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi