"...For 2012, in the face of a delevering zero-bound interest rate world, investors
must lower return expectations. 2–5% for stocks, bonds and commodities are
expected long term returns for global financial markets that have been pushed to
the zero bound, a world where substantial real price appreciation is getting
close to mathematically improbable. Adjust your expectations, prepare
for bimodal outcomes. It is different this time and will continue to be for a
number of years. The New Normal is “Sub,” “Ab,” “Para” and then some. The financial markets and global economies
are at great risk."
at http://www.zerohedge.com/news/bill-gross-exposes-new-paranormal-which-financial-markets-and-global-economies-are-great-risk
at http://www.zerohedge.com/news/bill-gross-exposes-new-paranormal-which-financial-markets-and-global-economies-are-great-risk
