Who knew that we would look on the recession of the past few years as the "good ole days"?
Pathetic. And who can forget that rotten Pelosi yammering on about unemployment during the Bush years...and her ‘jobs, jobs, jobs’ drone chant. ARRRRGGGGGGH>
“Investors should get used to one to two percent economic growth”
Well, I guess that means we’re all “1 percenters” now. Just not in the way we were hoping.
Gross is an optimist.
“and an aging workforce.”
To many of the younger workforce are relying on Santa Claus aka Obama for their cell phones, money etc.
Better make that -3 to -4 percent a year, if not far worse. The transition to sovietesque Socialism by default will be grueling, like death by a thousand cuts.
This is nonesense. I just got 50k worth of double tax free state munis at just a tick under 5%. Any investor who is careful can make 4% or 5% in general oblgation bonds, Unit investment trusts, or other munins. You can even get them insured. The pimp from Pimco is a running joke in the industry.
I wonder if undeveloped(farm) or even timber land would be a better investment.
This is what they want. They want us to get used to reduction in standard of living in exchange for being allowed to live and breathe and vote democrat. Next they will start relocating us into Soviet style high rises off mass transit routes to bring us to the work camps
The tragedy is that this country could be thriving if we’d develop our massive energy reserves, curtail unions to allow businesses to set their own employment practices and prices, lower corporate taxes and regulations to encourage rapatriation of overseas profits and spur businesses to start spending the hundreds of billions of cash they’re sitting on, and dump Obamacare and its growth-killing taxes and regulations - if only if only.....
Are these growth numbers before or after considering currency inflation?
the fact that growth will be 1% in the US, in a good year,
from now on, is not an issue of politics.
the issue is that the real estate market,
except in certain select areas,
has been for 20 years, and will be for
10 more years, or maybe 50.
on top of that, the same situation occurs in some places
worldwide, and is moving on to more.
get used to it.
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.
unless you are a congress critter, then you realize 30ish% returns.....
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.