Bill Gross is worried.
In tweet fired out on Thursday, Gross said the bond market — and its $10 trillion of negative-yielding bonds — is, “a supernova that will explode one day.”
Gross: Global yields lowest in 500 years of recorded history. $10 trillion of neg. rate bonds. This is a supernova that will explode one day
— Janus Capital (@JanusCapital) June 9, 2016
Now, for regular readers of Gross’ monthly commentary his apocalyptic views on the global economy aren’t exactly new, though this supernova imagery is particularly vivid.
Earlier this month, for example, Gross said the last 40 years of investing history — a period that has seen both stocks and bonds rally — are a ‘black swan’ event that won’t be repeated again.
And elsewhere in space-related doom metaphors, Gross earlier this year said capitalism is dying and will blow up, sun-like, before the actual sun blows up (we’ve got about 5 billion years for that).