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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 496.02+0.3%Jan 29 4:00 PM EST

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To: Cogito Ergo Sum who wrote (68906)12/1/2010 1:29:15 PM
From: elmatador1 Recommendation  Read Replies (1) of 219888
 
Bill Gross: We are Living Here in Allentown
pimco.com
Here are his main points:
The global economy is suffering from a lack of aggregate demand. With insufficient demand, nations compete furiously for their share of the diminishing growth pie.
In the U.S. and Euroland, many policies only temporarily bolster consumption while failing to address the fundamental problem of developed economies: Job growth is moving inexorably to developing economies because they are more competitive.
Unless developed economies learn to compete the old-fashioned way – by making more goods and making them better – the smart money will continue to move offshore to Asia, Brazil and their developing economy counterparts, both in asset and in currency space.
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