Bill Gross Calls It: 2015 Is Going to Be Terrible

Bill Gross, co-chief investment officer of Pacific Investment Management Co.

Photographer: Scott Eells

(Corrects Pacific Investment Capital Management Co.'s full name in the third paragraph.)

Bill Gross, bond king, ousted executive, self-styled poet of the markets, has a bold, depressing prediction for 2015, and he's not couching it in any of his usual metaphor: “The good times are over,” he wrote in his January investment outlook note. By the end of 2015, he goes on, “there will be minus signs in front of returns for many asset classes.”

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