By Bill Gross
Jan 12, 2024
LAGUNA BEACH, Calif., Jan. 12, 2024 /PRNewswire/ — Legendary bond and fixed income pioneer William H. (Bill) Gross today released a new Investment Outlook, “Fundamentally Speaking.” In his latest Outlook, Mr. Gross writes that today’s “finance-based” global economies are moving in the wrong direction, with government and private market debt levels at near all-time highs relative to GDP in the US, Japan, China, and most of Euroland. “If interest rates cannot be lowered below nominal GDP growth and fiscal deficits cannot be controlled, it will only get worse,” he says.
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