Additional Comments from PIMCO on "The New Normal"
In recent months bond manager Bill Gross of PIMCO has been forecasting a new era in the financial markets. He expects the key characteristics of this "new normal" to include deleveraging, deglobalization, and reregulation.
In his latest monthly commentary, Gross also opines that global short-term interest rates will remain low for extended periods of time, Asia and Asian-connected economies will dominate future global growth, and the U.S. dollar is vulnerable on a long-term basis.
Please click here for PIMCO's latest Investment Outlook.