{"id":236265,"date":"2010-01-27T06:01:25","date_gmt":"2010-01-27T11:01:25","guid":{"rendered":"http:\/\/www.businessinsider.com\/uk-economy-sitting-on-nitroglycerin-says-gross-2010-1"},"modified":"2010-01-27T06:01:25","modified_gmt":"2010-01-27T11:01:25","slug":"bill-gross-the-u-k-rests-on-a-pile-of-nitroglycerine","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/236265","title":{"rendered":"Bill Gross: The U.K. Rests On A Pile of &#8216;Nitroglycerine&#8217;"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4ae8e3a300000000003647c9\/billgrosscnbc3jpg.jpg\" border=\"0\" alt=\"billgrosscnbc3.jpg\" \/><\/p>\n<p>Bond king Bill Gross has stern words for the U.K. in his latest commentary &#8212; the entire nation sits on a pile of financial &#8216;nitroglycerine&#8217;.<\/p>\n<p>Stay away from U.K. bonds at all costs:<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.dailymail.co.uk\/news\/article-1246389\/Bill-Gross-UK-recession-The-British-economy-sits-bed-nitroglycerine-investors-warned.html\">Daily Mail:<\/a> &#8216;The UK is a must to avoid. Its gilts are resting on a bed of nitroglycerine.&#8217; High debt with the potential to devalue its currency present high risks for bond investors.  &#8216;In addition, its interest rates are already artificially influenced by accounting standards that at one point last year produced long-term real interest rates of 0.5 per cent and lower.&#8217;<\/p>\n<p style=\"padding-left: 30px;\">The warning comes a day after it was revealed that Britain had limped out of recession with an anaemic return to growth that raised fears of a second downturn.<\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.dailymail.co.uk\/news\/article-1246389\/Bill-Gross-UK-recession-The-British-economy-sits-bed-nitroglycerine-investors-warned.html\">Read more on the U.K. at the Daily Mail here &gt; <\/a><\/p>\n<p style=\"padding-left: 30px;\"><a href=\"http:\/\/www.pimco.com\/LeftNav\/Featured+Market+Commentary\/IO\/2010\/February+2010+Gross+Ring+of+Fire.htm\">Find Bill Gross&#8217;s full commentary here &gt;<\/a><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/uk-economy-sitting-on-nitroglycerin-says-gross-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/uk-pound-soars-as-traders-bet-wild-inflation-will-force-central-bank-into-action-2010-1\">UK Pound Soars, As Traders Bet Wild Inflation Will Force Central Bank Into Action<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/vincent-fernando-bill-gross-fleeing-into-foreign-bonds-2010-1\">Bill Gross&#8217;s $200 Billion Fund Flees U.S. Bonds Into Foreign Assets<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/pimcos-ring-of-fire-chart-shows-the-true-state-of-sovereign-debt-2010-1\">PIMCO: The US Falls Into The Sovereign Debt Ring Of Fire<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/H-DEN6SBhZk\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bond king Bill Gross has stern words for the U.K. in his latest commentary &#8212; the entire nation sits on a pile of financial &#8216;nitroglycerine&#8217;. Stay away from U.K. bonds at all costs: Daily Mail: &#8216;The UK is a must to avoid. Its gilts are resting on a bed of nitroglycerine.&#8217; High debt with the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-236265","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/236265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=236265"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/236265\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=236265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=236265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=236265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}