Pimco’s Bill Gross updates his investment outlook for 2010, mixed with state-of-the-market summary: “There have been numerous changeups and curveballs in the financial markets over the past 15 months or so. Liquidation, reliquification, and the substituting of the government wallet for the invisible hand of the private sector describe the events from 30,000 feet….” As well as the state of global economies against a backdrop of public debt he calls the ring of fire, writing that “once a country’s public debt exceeds 90% of GDP, its economic growth rate slows by 1%.”:
The Ring of Fire
Most Popular Articles
Latest Articles
loanDepot CEO talks ‘longer and tougher’ mortgage cycle, NAR settlement and cyberattacks
The Gathering: Frank Martell said the current market decline is not going to cure with small interest rate cuts
-
The industry needs to speak out about the consequences of the commission lawsuits: Brokerage leaders
-
HUD announces final rule to protect against flood risk
-
Guaranteed Rate appoints two new executives
-
Experts share insights about the Fed, data ‘vibes’ and housing trends
-
Tom Ferry launches AI coaching chatbot TomAI