BILL GROSS: The Bond Market Is Like A Battle From World War I

World War I Gas Chemical Warfare blind casualtiesWikimedia CommonsBritish 55th Division gas casualties, April 10, 1918

Adaptation is tantamount to survival in the physical world. So argued Darwin, at least, and I am not one to argue with most science and its interpretation of natural laws. Adaptation has been critical as well for the survival of countries during wartime, incidents of which I am drawn to like a bear to honey, especially when they concern WWI. Stick with me for a few paragraphs on this — the following is not likely to be boring and almost certainly should be instructive.

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