Pimco’s Gross expects that the economy will likely experience a double dip when the stimulus wears off.
Written by Michael Markowski on
September 4, 2009 – 9:42 am
Gross said the situation remains precarious. His investment has repeatedly called the “new normal” of much slower growth rate than what the normal has been over the last 20 years. With another drop possible and continued deflation, he said 30-year bonds with a yield of 4.13 to 4.15 percent would become attractive.
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