From 24/7 Wall Street:

Bill Gross is co-CIO for arguably the most influential bond management firm in the U.S. PIMCO is the biggest ax in the bond market of the bond management firms, and Gross’ outlook for what lies ahead for America is leaning toward a stark one. He is looking for slow growth and more government involvement.

He notes in his September outlook that things have changed from the past and will continue to change for maybe a decade or two. And his scenario of ‘the new normal’ is a boring one… economies grow very slowly and profits are relatively static.

There are several key takeaways here for investors…

Read full article...
 
More from Gross and PIMCO:

Bill Gross dumping mortgage debt for cash

Bill Gross gives his favorite asset class for the new economy

World's largest bond fund tells investors to avoid high-yield bonds