Pimco: Strawberry Fields – Forever?

In Pimco's December monthly investment outlook piece, Bill Gross head of Pmico outlines some of the key issues facing the no growth economic scenario that we have talked about and featured in posts such as Granthom Q3 Letter and Face It: 2013 Is Gonna Be a Bummer.

Structural changes such as the big 4 if you will;

1. Debt/Delevering
2. Globalization
3. Technology
4. Demographics

are all issues where there are no real solutions to help address or slow down the impediments to growth that each one creates in its own unique and distinct way.

The full Pimco article can be read here.

• As John Lennon forewarned, it is getting harder to be someone, and harder to maintain the economic growth that investors have become accustomed to. The New Normal, like Strawberry Fields will “take you down” and lower your expectation of future asset returns. It may not last “forever” but it will be with us for a long, long time.

Chart courtesy of Pimco