September 05, 2012 at 18:29 PM EDT
Double Digit Returns from Stocks/Bonds are Over – PIMCO’s Gross
Bill Gross of PIMCO spoke to Bloomberg Television’s Stephanie Ruhle, Adam Johnson and Alix Steel on “Lunch Money” today, reiterating comments in his monthly outlook that the age of credit expansion that led to double digit returns is over. Gross said, “Those days are over…Pension funds and individuals and investors that expect 10% consistent returns [...]
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