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When the “Bond King” Bill Gross sat down recently with Barry Ritholtz for an episode of “The Big Picture” podcast, the billionaire investor and PIMCO founder took a pretty skeptical view of who might next build a kingdom out of debt.
“I don’t think anybody can be the future bond king because central banks basically are the kings and queens of the market,” Gross said. “They rule — they determine where interest rates are going,” he said.
The…
