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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