Attention Economy


Tuesday, August 30, 2011

Prominent Economists Express Concern as Global Economy Slows

Stephen S. Roach
Kenneth Rogoff
J. Bradford DeLong
Jeffrey Sachs

Meanwhile, PIMCO's Bill Gross offers his take on where to invest in these troubled times:

"In this environment, the world’s biggest manager of bond funds favors investing in Australia, Mexico, Brazil and Canada, along with non-dollar currencies that have strong ties to the Asian continent, Gross, co-chief investment officer and founder of Pimco, reiterated. Although global equities are attractive because dividend yields in many cases are higher than bonds, they’re vulnerable to faltering growth, Gross wrote in a monthly investment commentary published on Pimco’s website today."