Bond king Bill Gross sees bleak returns ahead – The Globe and Mail

Posted: August 2, 2012 in personal finance, retweets

Bond king Bill Gross sees bleak returns ahead

SCOTT BARLOW

The Globe and Mail

Published Tuesday, Jul. 31 2012, 8:03 PM EDT

The world’s most famous bond fund manager says the “the cult of equity is dying” and projects minimal returns for both stocks and bonds over the next generation.

In his latest monthly report, Bill Gross dismisses those who believe that U.S. stocks can continue to produce average real returns of 6.6 per cent a year, saying that stock market bulls are failing to account for the much more difficult environment that now looms ahead for corporate profit growth.

via Bond king Bill Gross sees bleak returns ahead – The Globe and Mail.

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