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"
, Bloomberg Businessweek
, Business Insider
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."
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now