The "New Normal" is morphing into the paranormal, writes Bill Gross of the global financial...

|By:, SA News Editor

The "New Normal" is morphing into the paranormal, writes Bill Gross of the global financial system, with QE the polite word for what looks more like a Ponzi if viewing recent action by the Italians. "The outcome of left-tailed delevering or right-tailed inflation is not certain. Both tails are very fat."