Top Bond Adviser: Massive Inflation Coming

Bill Gross runs the world’s biggest bond fund at Pacific Investment Management Co. Pimco manages $236 billion in funds. Here's a tweet from Gross this morning:

Gross:Fed will write $1trillion or more checks in nxt 12 mons/ECB wl write same. Reflation ahed. Will create asset bubbles but little growth

— PIMCO (@PIMCO) September 30, 2012

The major players all see it coming. If you do the math, the money isn't available to pay off government debt. Either the central banks print the money or the countries go into default.