In his latest Investment Outlook, PIMCO's Bill Gross warns of the effects of consumers' deleveraging and the government's re-regulation:
- Slower economic growth
- Higher corporate tax rates
- Narrower corporate profit margins
- Smaller returns for investors
Not surprisingly for a bond manager, Gross' recommendation is for investors to "stress secure income offered by bonds and stable-dividend-paying equities." Please click here for his commentary.