Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Pimco’s Gross Sees Less Return, Stubborn Unemployment

Don't Miss Out —
Follow us on:

Dec. 30 (Bloomberg) -- Pimco’s Bill Gross, manager of the world’s biggest bond fund, expects stocks and bonds to return less than 5 percent in 2013 as high unemployment persists, he wrote in a Twitter post. * Gross wrote: “2013 Fearless Forecasts: 1) Stocks & bonds

return less than 5%. 2) Unemployment stays at 7.5% or

higher. 3) Gold goes up.” * Message reaffirms what he wrote in Dec. investment outlook,

which said “structural headwinds” may lower real eco.

growth below 2% in U.S., other developed nations.

Story Link:NSN MFUWBM1A1I4H<GO>

For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>

To contact the reporter on this story: Joe Sabo in New York at +1-212-617-8959 or jsabo@bloomberg.net

To contact the editor responsible for this story: Joe Sabo at +1-212-617-8959 or jsabo@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.