McHouses , McHummers & McFlatscreens.... No More Bill Gross elaborates on Pimco's driving thesis - "a 'new normal' where growth is slower, profit margins are narrower & asset returns are smaller than in decades past... based on de-levering & re-regulating the global economy"... sees short-term policy rates being kept low for a long time... recommends secure income offered by bonds & stable dividend-paying equities... points out that stocks, high yield bonds & real estate entail risk... http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2009/Investment+Outlook+July+2009+Gross+Appetit.htm