PIMCO's Glass-Half-Empty Long-Term Outlook

Mohamed El-Eiran, PIMCO's CEO and co-CIO, recently summarized his firm's secular outlook for the global economy over the next three to five years. Not surprisingly, the bond management firm expects the developed economies to have sluggish economic growth, relatively high levels of unemployment, widening disparities of income and wealth, higher inflation and financial "repression."

Click here for PIMCO's sober assessment.