Bill Gross Thinks the End Is Near

The New York Times has an interview with Bond King Bill Gross:

Do you think that this low-interest-rate environment has helped or hurt the economy? The savings side of the economy has been damaged. At 2 or 3 percent interest rates, there’s no way insurance companies and pension funds can justify their liabilities and guarantees going forward. Same thing with Mom and Dad and their expectations for education, retirement and so on.

You'll want to read the entire article.