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Economy to Stay Weak 'For a Number of Years': Gross

Started by malthus
almost 17 years ago
Posts: 1333
Member since: Feb 2009
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""Much like we saw with the Depression, attitudes change, and so consumers and investors will now become conservative savers as opposed to spenders," Gross said in a live interview. "Spending as driven by asset appreciation in terms of houses ... that game stops, that game has stopped and we must now move in another direction." http://www.cnbc.com/id/31707377 Bad day to be a bull. Let's not even start on what Taleb has to say.
Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

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