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To: Knighty Tin who wrote (218456)	2/3/2003 5:07:20 PM
From: reaper	Read Replies (3) \| Respond to of 436258

KT, here's Gross, he thinks we are 'over' too.... pimco.com there's one thing he's missing though. he seems to think a low-return, slow-growth US is really no big deal; just a moderate adjustment of expectations and everything is fine; not like it was in the 1990s, but nothing to panic about. the problem is that the 'muddle through' scenario is not available in the solution set; the asset/liability mis-match in the US requires either HIGH returns / HIGH growth or returns are going to go NEGATIVE as asset deflation rears its ugly head. Cheers