Gross on "Staying Rich in the New Normal"

In PIMCO's June 2009 Investment Outlook, Bill Gross opines on several issues, including:
  • The impact of deleveraging, reregulation, increased taxation and compensation limits
  • The possibility of the U.S. losing its AAA bond rating
  • The "point of no return" for the government's debt levels
  • The problematic expansion of the Federal Reserve's balance sheet
  • The most attractive part of the yield curve
Gross' outlook is sobering, and, not surprisingly, once again relatively pessimistic.  Click here for Gross' article.