Bill Gross on CNBC

• Yes, the Fed will raise rates in September
• Pension funds must lower expectations on payments

Now on Bloomberg:

• Removing Rousseff doesn't improve Brazilian bonds
• The Fed believes low rates are a positive; I think they're negative
• We need classic fiscal stimulus
• The central bank basically says to the fiscal authority that you don't need to pay
• "Let's raise rates in Sept and again in 6-9 months"
• There are 11 trillion in negative rate bonds; those are liabilities, not assets

 At some point, you have to wonder if Gross is talking his book. He's finding it tough to make money at the zero bound.