CHICAGO (MarketWatch) — Bill Gross, co-chief investment officer of bond mutual-fund giant Pimco, on Thursday offered investors a sobering market outlook in which he sees lower returns, decreased U.S. growth and the loss of the dollar's status as the world's reserve currency……. “it's hard for [Pimco] to imagine” the Dow Jones Industrial Average climbing back to 14,000 or home prices returning to 2006 levels, Gross said.”Growth will be stunted,” he said. “It will be a diff…
Original Post By Google News By Sam Mumudi, MarketWatch
Entries (RSS)