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Non-Tech : Gurus

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From: Sam Citron	1/5/2010 5:39:48 PM
	of 35

Pimco's Bill Gross Sees 2010 as Year of Reckoning [Time] [interview excerpt] Bill Gross: The economy should be relatively strong in the first half of 2010 then weaken in the second half. That's not to say we'll return to recession but we'll see weakness as opposed to a continuation of what will probably be a decent first half. What will make the first half of 2010 so good? The first half will be dominated by government stimulus and by inventory accumulation or a lack of [inventory] liquidation among businesses. I expect nothing from consumer [spending] and nothing really from housing or really any of the standard cyclical leading sectors. It's hard to put a number on GDP growth rates, but let's say 4% in the first half and then 2% in the second half, which would basically call for some additional help. Read more: time.com Read more: time.com

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