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Gross Sees Global Economy Dangerously Close to Deflation

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Bill Gross: No Wage Inflation in Developed Countries

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Bill Gross, money manager at Janus Capital Group Inc., said the global economy is “dangerously close to deflationary growth.”

Once there is a “whiff of deflation, things tend to reverse and go badly,” Gross said Friday in a Bloomberg Radio interview with Tom Keene. Gross pointed to how the CRB Commodity Index isn’t just at a cyclical low, but lower than in 2008 when Lehman Brothers Holdings Inc. went bankrupt.