Friday, July 3, 2009

Ready for the new normal?

Bill Gross: Dividend Stocks and Bonds Make Most Sense Now --
Seeking Alpha:
"PIMCO’s driving thesis... is succinctly described as a “new normal” where growth is slower, profit margins are narrower, and asset returns are smaller than in decades past based upon the delevering and reregulating of the global economy, which in turn should substantially inhibit the “gorging” of goods and services that we grew used to in decades past..."

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