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In the U.S., as elsewhere, there has been little focus on public investment and infrastructure spending. It's been all monetary policy, all of the time, with most of the positives flowing over to markets as opposed to the real economy. The debt currently being created is not promoting real growth and solving a debt crisis—it is being used by corporations to repurchase shares and accentuate the growing inequality between the very rich and the middle class.

— Bill Gross  

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