By Daily Crux Editor Justin Brill:

Bond King Bill Gross, of Pimco said today that markets in the US and UK may "suffer' as governments remove stimulus measures.

Gross recommended "shaking hands with the government" late last year - suggesting investors position themselves to take advantage of the government's bailouts and interventions in the mortgage and bond markets, a call that worked out rather well for him.

He now thinks "the days of carefree check writing... without limit or interest rate consequences may be numbered for all countries." He sees continued weakness in the US economy for the next several years, driving prices on Treasury bonds lower and interest rates higher.

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