PIMCO’s Bill Gross Confirms Slower Growth Ahead, For Years

"It is month-end, and bond-magnate Bill Gross of PIMCO is out with a new round of predictions. The bond guru’s August Investment Outlook often has quirky ways of explaining things, and he’s using ‘auto-flush toilets’ to describe The New Normal. We’ll skip over the fecal disposal systems… Gross notes that The New Normal is predicated upon de-leveraging, re-regulation and de-globalization… This culminates with slower economic growth and lower inflation in developed economies. There is almost a Warren Buffet antithesis here if you spend time contemplating the future..."