In his latest monthly commentary, PIMCO's Bill Gross opines that structural growth problems in developed economies cannot be solved by monetary stimulus. His reasons include:
When labor is cheaper in developing countries, easy money will not change the minds of corporate executives to hire within the U.S.
Baby Boomers approaching or in retirement will not become more willing to spend just because interest rates are lower.
Click here for PIMCO's Investment Outlook for November.