PIMCO's Bill Gross Says Investors Should "Stress Secure Income" in New Era
Bill Gross manages the world's largest bond fund at Pacific Investment Management Company (PIMCO). Gross suggests that the United States is entering a new era of higher savings, lower consumption and lower economic growth that could last as long as a generation. Gross recommends that investors "stress secure income " in this new environment. Recommended sources of secure income include bonds and dividend paying equities: Higher savings, lower consumption and annual economic growth of about 2...
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