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.
In December of 2008, I wrote an article “The Boogeyman is deflation” on deflation and why I believe that it poses a much bigger risk than inflation to the U.S. and world economies. Many analysts and economists especially those on CNBC have scoffed at those who have concerns about deflation.
Today’s (Friday August 15, 2009) announcement [...]
The stock market set another downside record as the month of January 2009, was the worst ever for any previous month of January, as the Dow Jones 30 Industrial composite registered a decline of 8%. Nine members of the Dow 30 hit new lows during January. Six of them, including Bank of America, J.P. Morgan, [...]
On Wednesday January 21, 2009, the major indices including the S&P 500 and the Dow 30 Industrials rallied significantly for the first time in 2009. The impetus was a report that Ken Lewis, the CEO of Bank of America had purchased 200,000 shares of Bank of America for approximately $1.1 million and that Jamie Dimon, [...]
Written by Michael Markowski on
September 4, 2009 – 9:42 am
