Gross’ top investment picks for the future
Bond star Bill Gross reveals what assets he is favouring as he prepares to face the four big growth-slashing headwinds of our time.
by Atholl Simpson on Dec 04, 2012 at 14:24
'Technology may be leading to slower, not faster economic growth despite its productive benefits.'
Demography is destiny, and like cancer, demographic population changes are becoming a silent growth killer, says Gross.
'Numerous studies and common sense logic point to the inevitable conclusion that when an economic society exceeds a certain average “age” then demand slows.'
'Now, however, almost all developed economies, including the US, are gradually ageing and witnessing a larger and larger percentage of their adult population move past the critical 55-year-old mark.'
'Such low birth rates and a significant reduction in demand have imperiled Japan for several lost decades now. A similar experience will likely turn many developed economy “boomers” into “busters” within the next several years.'
The full Bill Gross Investment Outlook can be read here.
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by Chris Sloley on May 17, 2013 at 14:45