Salient to Investors:
Bill Gross at Pimco said:
- Stocks and bonds will return less than 5 percent in 2013 due to a sluggish economy as the effect of Fed stimulus diminishes
- Structural headwinds lower real GDP to below 2 percent in the US and other developed nations.
- Bernanke is not Rumpelstiltskin and can only spin straw into gold for so long.
- Globalization, technological and demographic changes will restrict growth, so investors should invest in commodities like oil and gold, US inflation-protected bonds, high-quality munis and non-dollar emerging market stocks.
Read the full article at http://www.bloomberg.com/news/2012-12-31/pimco-s-gross-sees-less-return-stubborn-unemployment.html.
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