Bond king says Trump will be failed, one-term president

What does a Trump presidency mean for the Fed?

Bill Gross, Wall Street’s so-called Bond King, has some harsh words for President-elect Donald Trump — who has proudly referred to himself as the King of Debt.

Gross, who became famous in financial circles as a bond guru at PIMCO and now runs a fixed income fund at Janus (JNS), wrote in his new monthly outlook Wednesday that Trump’s proposed economic policies may not change much for struggling Americans.

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