Beware of the constant metaphors used to frame the world economy as if it were a war or zero-sum competition. Investors should remember that economies cooperate as much as they compete on the world stage. The current U.S. manuf…
Bill Gross, the leading proponent of the “New Normal” — the idea that stocks will return just 3% a year for the foreseeable future — has been wrong over and over again. So why does anyone pay attention to his predictions?
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Now, even over-the-top bears like bond giant Pimco are doing a bullish about-face, and that makes it tougher for fund managers to keep avoiding the stock market. If they start returning to a historical stock allocation, that co…
The biggest question many investors have about President Obama’s compromise tax cut deal is how it will benefit the economy. But so far, there is little agreement on Wall Street about what the stimulative effects of the deal wi…
If the agreement between congressional Republicans and President Obama is ratified, Pimco, which manages the world’s largest bond fund, says the stimulative measure will contribute much to economic growth — and to the deficit….