From The Money Game:
Bill Gross's latest market update proposes an interesting view -- as the U.S. moves towards an increasingly regulated economy, businesses will start to resemble utilities, that is, heavily protected (by regulations that muck up new entrants) yet with capped returns (earn too much, the government comes after you).
Given the very low interest rates that are available today for money market funds, and the fact that bonds don't offer much and stocks have already run up quite far, perhaps investors should go for...
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More from Bill Gross:
Bond King Gross: No rally for the dollar
PIMCO's Bill Gross: The housing market is dead
Bond King Gross: Almost everything appears overvalued