Bill Gross on Fiscal Spending, Negative Rates

The video discusses the limitations of central banks and the need for fiscal policy to support economic growth. It highlights the challenges faced by policymakers in a low-interest-rate environment and the potential negative effects of negative interest rates. The discussion also covers investment strategies in a world with reduced real rates and nominal yield compression, emphasizing the need for new economic thinking and adaptation to current economic conditions.

What new thinking does the speaker suggest is needed in economic policy?

How does the speaker suggest pension funds should adapt to the current economic environment?

What does the speaker mean by 'it's not a 10% world'?