Today is when I would normally highlight my favorite 5 articles written from other Personal Finance bloggers throughout the week. Due to a hectic schedule this past week I wasn’t able to surf the internet as I normally would (people still surf the internet, right?).
One article I will always create time to read (and encourage you to as well) is Bill Gross’ Investment Outlook. I briefly touched on Bill Gross’ wisdom in 5 People That Will Make You Smarter. Instead of repetitive recapped writings of what’s already happened (like every other author), Bill explains what to expect in the coming months; and explains what exactly must be done to lift ourselves out of this economic earthquake.
If you’re a quick skimmer, below are Bill’s main points:
- Long-term profits cannot ultimately grow unless they are partnered with near equal benefits for labor.
- There is only a New Normal economy at best and a global recession at worst to look forward to in future years.
- If global policymakers could focus on structural as opposed to cyclical financial solutions, New Normal growth as opposed to recession might be possible.
If you have a minute (or 5) I recommend reading the full article at Pimco’s site.
Have a great weekend.
