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Pimco’s Bill Gross sees 2013 stock, bond returns of less than 5%

Globe and Mail
Monday, 31 December 2012

Also sees U.S. unemployment rate remaining at 7.5 per cent or higher
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Source: Bloomberg - on December 31, 2012

News video: Gross: Lower Returns Amid Stubborn Unemployment

Gross: Lower Returns Amid Stubborn Unemployment

Dec. 31 (Bloomberg) -- Pimco's Bill Gross, manager of the world’s biggest bond fund, expects stocks and bonds to return less than 5 percent in 2013 as high unemployment persists, he wrote in a Twitter post. Deirdre Bolton reports on today's "Movers & Shakers" on Bloomberg...

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