From DailyWealth:
In his monthly Investment Outlook newsletter, legendary investor Bill Gross explains that thanks to more taxes to pay for a near-infinite number of government boondoggles like GM... plus more government regulation to save us from ourselves... plus more government limits on executive pay, "only the most skillful – or the shadiest," will get rich in the future.
Gross says thanks to this increase in government in our lives "investors should expect considerably lower rates of return than what they grew accustomed to only a few years ago."
America is in trouble. "It is probable that trillion dollar deficits are here to stay," Gross says. But there's still opportunity out there...
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