Valeant’s Debt Excess Mirrors Central Banks: Bill Gross

Bond market guru Bill Gross of Janus Capital likened Valeant’s (NYSE: VRX) debt-driven business model to central banks around the world.

“Valeant’s business model was based on leverage and financial engineering,” Gross tweeted.

“At the extreme it mirrors global monetary policy and their economies,” he added.

Shares of Valeant are down 88% from their 52-week highs.

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