Skip to comments.Investors 'Should Get Used to 1-2% Growth': Pimco's Gross
Posted on 12/04/2012 4:42:40 PM PST by Red in Blue PA
Investors should get used to one to two percent economic growth for the foreseeable future, Pimco's Bill Gross told CNBC's "Street Signs" on Tuesday.
"We think that the United States is in a one to two percent growth environment going forward and investors should get used to it" as structural challenges keep growth in check, the Pimco co-founder and co-chief investment officer said.
Earlier Tuesday, Gross released his final investment letter for 2012, where he continued to warn about slower economic growth due to ongoing structural challenges such as high debt levels, a slower growing China and an aging workforce.
(Excerpt) Read more at finance.yahoo.com ...
I only like him because he bashes the printing of money by the Fed and too much government spending
Go invest your money somewhere they’re not afraid of or opposed to growth.
These days all I can think of is the PRC - but be careful.
He’s made some terrible calls over the years. Way overrated.
unless you are a congress critter, then you realize 30ish% returns.....
I’m there on the 2nd ammendment supplies and might inherit part of some undeveloped land; however, I’m convinced anyone buying physical commodities such as gold and silver are going to get ripped off.
There is absolutely no way all these organizations advertising gold on talk radio 24/7 are selling this stuff now for all the buyers in the future to turn around and re-sell it back to them for much more value. They would lose there rear-ends and they aren’t stupid.
1-2% means no sense investing at all once inflation gets here. What do you think that will do to the economy??
Not good for pensions predicated on 6% or higher growth. Of course, raise interest and the size of government debt will decimate the country.
At the same time, my taxes, food and health insurance are skyrocketing.
Happy days are here again.
-— That would be 1 to 2 percent nominal growth. Subtract 5 - 15 percent per annum inflation and we are talking serious economic contraction. -—
Doncha love fundamental transformation? Thanks Obots!
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