Bill Gross, Managing Director at PIMCO, released July’s Investment Outlook. Bill Gross’ articles are one of the most entertaining and informative pieces on the market. Obviously, I strongly recommend reading the entire piece here.
To summarize, though, Gross reasons that “Greed will come again. But for now, the trend is the other way and it promises to persist for a generation at a minimum.” To also help you visualize the article, I created the depiction below, which is quite interesting (click the image to enlarge):
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