Tuesday, December 06, 2016

Bill Gross: Investors Should Move To Cash Amid False Growth Rally

Gross, who manages over $1.7 billion via the Janus Global Unconstrained Bond Fund, noted that supposed economic growth prospects are overblown, and that the true driver of economic prosperity — productivity — has been depressed for years and will remain so throughout Trump’s presidency.

Any bump from supposed tax cuts, infrastructure spending, and financial deregulation under Trump will only provide temporary benefits, he concluded .... http://etfdailynews.com