Ever since his Tweet about Portuguese debt haircuts apparently caused the country's bond yields to spike, Bill Gross and his giant PIMCO bond fund's Twitter feed has been a big must-follow.
This afternoon, Gross offeredtwo year-end Tweet-thoughts about what's moving markets these days.
His answer: artifice.
That is, there have been few fundamentals — "real growth and investment"— to support recent returns. Rather, he says, an "artificial" prosperity has been created via central banks that is similar to the "artificial" prosperity created by Bitcoin holders.
Check it out:
Gross:Part 1of 2: We live not in a new gilded age but a bitcoin age where artificial money (from central banks) creates temporary prosperity
— PIMCO (@PIMCO) December 23, 2013Gross: Part 2 of 2: Real growth and investment must be the focal point.
— PIMCO (@PIMCO) December 23, 2013SEE ALSO: The Most Important Charts Of The Year
