Bill Gross expects asset returns "above five percent in bonds or equities" hard to come by for the foreseeable future. That's just one of the tidbits the Pimco [see profile] co-chief investment officer reveals in his November monthly investment outlook piece, "Pennies From Heaven".

AdvisorOne, Bloomberg Businessweek, Business Insider, Citywire, CNBC.com, Forbes, HousingWire and StreetInsider.com all reported on Gross' new column.

Gross warns that a debt crisis cannot be solved by creating more debt … unless you're boosting growth, which he does not see. He recommends rolling down the yield curve to shorter duration Treasuries, even as "earnings and bond yields near historic lows as a result of a lack of real growth in developed economies." 

Edited by: Neil Anderson, Managing Editor


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