HALISTER1: Janus Henderson’s Gross: Phillips Curve ‘Appears to Be Broken’

Janus Henderson’s Gross: Phillips Curve ‘Appears to Be Broken’

(Bloomberg) -- “While I think low employment percentages have historically led to high wages and inflationary pressures and the fabled Phillips curve which assumes this, I think it appears to be broken,” Janus Henderson fund manager Bill Gross said in an interview with Bloomberg Radio.
  • U.S. jobs report for August was “weak,” with avg hourly earnings particularly striking; “inflation, not job growth, dominates central-bank thinking these days”
  • Isn’t concerned that Congress won’t raise debt ceiling
  • On U.S. growth: “It’s a 2%-max real GDP economy”
To contact the reporter on this story: Alexandria Arnold in Seattle at abaca3@bloomberg.net To contact the editors responsible for this story: Boris Korby at bkorby1@bloomberg.net Vivien Lou Chen

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
William Hunt Gross "Bill" (Janus Capital Management LLC)

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HALISTER1: Russia Arrests Men Using Bitcoin Exchanges for Money Laundering

Russia Arrests Men Using Bitcoin Exchanges for Money Laundering

(Bloomberg) -- Police detained 3 men in central Russia’s Kostroma region who used international payment systems and bitcoin exchanges to launder 500m rubles, according to statement on Interior Ministry’s website.
  • Suspects used third-party internet accounts and registered 300 banking cards and SIM-cards under names of their relatives and acquaintances to transfer and exchange cryptocurrency
To contact the reporter on this story: Ilya Khrennikov in Moscow at ikhrennikov@bloomberg.net To contact the editors responsible for this story: Anthony Palazzo at apalazzo@bloomberg.net Kim Robert McLaughlin

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Bitcoin

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