Hooked on Cheap Credit

In his latest monthly Investment Outlook, PIMCO's Bill Gross weighs in on the world's addiction to easy money (low interest rates) and the long-term implications:  

"Not suddenly, but over time, gradually higher rates of inflation should be the result of QE policies and zero bound yields that were initiated in late 2008 and which will likely continue for years to come."  

Click here for Bill Gross' May commentary.