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Thursday, September 06, 2012

Bill Gross Is Sweatin' to the Oldies

News summary by MFWire's editors

Investors need to adjust to the era of lower returns, declares Bill Gross. In other words, the "cult of equity" and bonds, for that matter are still "dying," the Pimco [profile] co-founder and co-CIO says.

Bloomberg, the Wall Street Journal and MarketWatch focus on different aspects of Gross' latest investment outlook in their coverage today. But Gross's main points are clear: Investors are facing an "age of inflation." In other words, investors should expect "double-digit portfolio returns" no longer.

Readers may be especially humored by MarketWatch's writeup, which compares Gross with fitness celebrity Richard Simmons in his effort to "[turn] flab into ab" just in the financial industry. The WSJ and Bloomberg remind audiences that Gross also turned heads last month when he said stocks operate like Ponzi schemes by showing unrealistic returns.

Read all the media coverage from Bloomberg, the Wall Street Journal, MarketWatch and Futures Magazine or, better yet, read the the man himself on the Pimco website.  

Edited by: Irene Park

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