Monday, May 21, 2012

 
 
 
 
 
Bill Gross: Gov't actions will destroy financial assets
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Tuesday, May 05, 2009
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From Newsmax:

Bill Gross, manager of Pimco Total Return, the world's biggest bond fund, says investors better get used to the idea of government involvement in the economy.

This year represents a "demarcation point because it represents the beginning of government policy counterpunching," Gross writes in his monthly commentary.

"A period when the public with government as its proxy decided that private market, laissez-faire, free-market capitalism was history and that a 'private/public' partnership yet to gestate and evolve would be the model for years to come."

How should investors cope with this new environment?

Read full article...

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Topics: Bill_Gross | Banks | Stocks
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