Tuesday, July 7, 2009

Bond King Bill Gross of Pimco discusses reconciling his big-picture views of lower investment returns with his higher-return-oriented investment goals...he is backing away from his investment strategy of "shaking hands with Uncle Sam"... discusses "new normal" of slower growth, lower asset returns, consumer de-leveraging & greater government intervention... makes distinction between investing & saving... recommends bank preferred stocks with good, reliable dividend streams..."the long term future of the $ is suspect"... recommends for US investors to look abroad for opportunities, especially in the BRIC - Brazil Russia India China - countries... about 15 minutes long...

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