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Pimco’s Gross Sees Less Return, Stubborn Unemployment

Pimco Manager Bill Gross
Pacific Investment Management Co.’s Manager Bill Gross expects stocks and bonds to return less than 5 percent in 2013 as high unemployment persists, he wrote in a Twitter post. Photographer: Scott Eells/Bloomberg

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.

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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

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