Bill Gross/PIMCO
An interesting Investment Outlook from Bill Gross at PIMCO...
"...tighter money and higher yields in the intermediate portion of the curve unfold over 1-2 year cycles and generally in the magnitude of 200 basis points... The current upward cycle is now 27 months in duration and 230 basis points in magnitude, enough by historical standards to slow an economy or even produce a mild recession given increased leverage and the exogenous shock of energy prices..."
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"...tighter money and higher yields in the intermediate portion of the curve unfold over 1-2 year cycles and generally in the magnitude of 200 basis points... The current upward cycle is now 27 months in duration and 230 basis points in magnitude, enough by historical standards to slow an economy or even produce a mild recession given increased leverage and the exogenous shock of energy prices..."
Continue reading...
posted by David M Gordon | 5:59 AM
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