Bill Gross: Don't Be Fooled By 'Trump Mirage' (SUPER-HIGH LEVERAGE STILL LOOMS!)

``But, he warns, the leverage within the world economy means that [the Fed] can't yet declare that everything is "just right." "Our highly levered financial system is like a truckload of nitro glycerin on a bumpy road,"Gross says. "One mistake can set off a credit implosion where holders of stocks, high yield bonds, and yes, subprime mortgages all rush to the bank to claim its one and only dollar in the vault."''