pa2a.org


Share Thread:  
PIMCO - Stocks & Bonds DOA until 2022
#1
Quote: SAN LUIS OBISPO, Calif. (MarketWatch) — Big money managers are warning investors. They’re now citing the Bible: “Seven lean years.” No recovery till 2016. That was Jeremy Grantham back a few years ago. His GMO firm manages $104 billion.

Now Bill Gross and Mohamed El-Erian, the co-CEOs at the $2 trillion Pimco money managers, are citing the same biblical warning to jar investors awake and prepare for the coming lean years of slow, low growth and austerity. Except in Pimco’s new warning, the future just got much, much darker for investors — no recovery until 2022.

Norbert Schiller/World Economic Forum
Pimco’s Mohamed A. El-Erian,

Earlier in the summer — back when most investors were totally distracted by campaign drama and betting heavily on a new president, anticipating a post-election bull market — many were expecting Corporate America would unleash trillions in hoarded reserves, stimulate a recovery and new bull. Back then, Reuters, Forbes, CNBC, Bloomberg, the Wall Street Journal and rest of the obsessed media simply yawned at Gross and El-Erian’s warning that equities hit a “dead end in terms of significant appreciation.”

Looks like things could get very ugly. Full article here.
[Image: member955.png]
USAF (1976 -1986) NRA, GOA Anim_sniper2
"The problems we face today are there because the people who work for a living are outnumbered by those who vote for a living." Dan Cofall
Reply






Possibly Related Threads...
Thread Author Replies Views Last Post
  Billionaires Dumping Stocks, Economist Knows Why Pocketprotector 29 2,359 03-06-2013, 08:50 AM
Last Post: Dave
  obumers proposed budget would add 6.2 trillion to debt by 2022 middlefinger 18 1,559 10-26-2012, 05:36 PM
Last Post: Deal_me_in
  Billionaires Dumping Stocks, Economist Knows Why Pocketprotector 1 599 10-10-2012, 05:18 PM
Last Post: MrPeanut
  US Coal Stocks Jump on Romney Comments... Pocketprotector 6 884 10-06-2012, 02:37 AM
Last Post: rmagill
  US a $76 Trillion Debt 'Crystal Meth' Addict, Says PIMCO's Bill Gross Pocketprotector 1 523 10-02-2012, 01:50 PM
Last Post: Valorius



Users browsing this thread: 1 Guest(s)

Software by MyBB, © 2002-2015 MyBB Group.
Template by Modogodo Design.