Bill Gross: "Capitalism Does Not Work At Zero Percent"

http://www.cnbc.com/2016/06/02/bill-gross-get-ready-for-an-entirely-different-market.html

"Ultimately, they have to move back up and I think a certain number of Fed governors realize that the normalization [in interest rates] process is necessary in order to save business models and to save capitalism basically because capitalism doesn't work at 0 percent and it doesn't work at negative interest rates," he said. Gross added that investors should "basically go the other way" by holding liquid cash. He said they should not buy corporate bonds and resist buying high-yield bonds or riskier stocks.''