Gross: Problems Seem to Be Structural

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Feb. 11 (Bloomberg) –- Pimco Co-Founder and Co-CIO Bill Gross discusses Janet Yellen’s testimony before Congress with Trish Regan on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Information at any point?

No matter what the fed does, still no real inflation.

Why not?

Are they pushing on a string?

They are from the standpoint of wages.

Wages are affected significantly by globalization.

That's means outsourcing to mexico and china in terms of cheaper labor markets.

Also effective as well by technology where the machine basically is taking place of humans and affected by demography as well.

Getting wages up from 1.5% annual gains to -- it is the target i think for the fed.

It will put them not on easy street but on a more level playing in terms of forecasting the future of the economy and the future of spending power.

We will have to see wages increase from this very low level going forward.

Many of the problems she was asked appeared to be structural as opposed to cyclical.

One of the issues that came

This text has been automatically generated. It may not be 100% accurate.


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