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Gross Says Deflation a ‘Growing Possibility’ Threatening

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Bill Gross, in his second investment outlook since joining Janus Capital Group Inc., said deflation is a “growing possibility” as governments worldwide are struggling to create inflation and stimulate growth.

Central banks around the world have made “a damn fine attempt” at fueling inflation, yet their efforts have pushed up financial assets, rather than prices in the real economy, Gross wrote in his outlook titled “The Trouble with Porosity and Prosperity.”