US Regulators Fear "Runs" From PIMCO's Systemic Risk As Outflows Soar To 12.5% Of Assets

PIMCO is the world's largest bond fund.  With Bill Gross's "resignation" (he knew he was going to be fired), the outflow of funds is accelerating.  A "run" on bonds means there will be panic selling.

Finance 101:  when bonds sell off, bond yields (interest rates) rise.  This will not only burst the bond bubble, but certainly the equities bubble.

The money authorities ("plunge protection team") will absolutely work into the night to try to prevent this.  Gross's departure from PIMCO could be the black swan event.  That's how fragile financial markets are.

http://www.zerohedge.com/news/2014-09-30/us-regulators-fear-runs-pimcos-systemic-risk-outflows-soar-125-assets