PIMCO Says World Economy To Be "Bad" for @ Least 3-5 Years

They claim central banks won't be able to raise rates, anywhere.

How will they stop borrowing costs from rising in the private markets?

http://www.bloomberg.com/apps/news?pid=20601087&sid=apSiuh9eDtFE

 

Take with a pinch of salt...

Bill Gross is long and loves to talk his book.

 

Then Julian Robertson is going to eat Gross's lunch.

But Robertson thinks the economy is going to suck, also, despite his belief that central banks will have to raise rates (so they can borrow).

 

pimco is going to have to UPGRADE that outlook from 3-5 to 7-10 YEARS.


It will be a lot longer than most expect.

We will experience the lost decade just like Japan had.