Bill Gross is worried that central banks will lead the world into recession

Bond guru Bill Gross is warning about looming interest rate increases and the damage they can do to a debt-laden global economy.

In his monthly investor outlook, the Janus Henderson Advisors fund manager said the course of global central banks toward tightening policy could be perilous for the economic recovery. Raising interest rates will increase the cost of short-term debt that corporations and individuals hold.

In the U.S. alone, households have $14.9 trillion in debt while businesses owe $13.7 trillion, according to the Federal Reserve.
                                                                                                     Read More...