PIMCO's Gross: A New Demarcation Point

In his May 2009 Investment Outlook, PIMCO's Bill Gross announced a new "demarcation point" as striking as 15% Treasury bond yields in 1981 or the Dot Com Bubble of 2000.  He believes that 2009 is the beginning of "a period when the public with government as its proxy decided that private market, laissez-faire free market capitalization was history and that a 'private/public' partnership yet to gestate and evolve would be the model for years to come." 

Please click here for Gross' commentary.