PIMCO Forecasts Accelerating Inflation, Slower Growth

In his latest monthly Investment Outlook, PIMCO's Bill Gross opines that the continued credit expansion most likely "will produce accelerating global inflation and slower growth."

Perhaps the best quote from the article: "Unless you want to earn an inflation adjusted return of minus 2-3% as offered by Treasury bills, then you must take risk in some form."  Click here for Gross' outlook.