Bill Gross’s Dreadful Analysis Of The U.S. Economy’s “Wounded Heart”

Basketball living-legend Lebron James shot an air-ball during last Thursday night’s Game 1 of the NBA Championships; he also threw up a brick at a key moment in Game 1 of the series against the Chicago Bulls that didn’t even touch rim. That ugly-looking heave by “King James” reminded me of a recently published essay entitled “Wounded Heart,” penned by “The Bond King” Bill Gross, a living legend in the investment field. King James’ embarrassing off-balance, double-clutch, fade-away floater reminded me of The Bond King’s essay because the latter struck me as containing some of most fundamentally unsound economic and financial analysis I have ever seen published by a respected analyst – much less from an investment hall of famer.

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