Bill Gross Knows An Illegal Wrestling Move When He's Seen One
“It’s sort of like a half-nelson or even a full-nelson in wrestling terms being applied to bondholders under Greek law. They’re all being forced to go along.” [Bloomberg]
“It’s sort of like a half-nelson or even a full-nelson in wrestling terms being applied to bondholders under Greek law. They’re all being forced to go along.” [Bloomberg]
Naturally, he's written hundreds of words on this and other matters in his monthly outlook letters.
Hard to say which is more damning.