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Posts Tagged ‘demographic shifts’

Bill Gross Projects The ‘Threshold of Mediocrity’

Posted by Larry Doyle on July 3rd, 2010 7:31 AM |

Pimco’s Bill Gross, a Sense on Cents Economic All-Star, recently released his Investment Outlook for July 2010.  In my opinion, Gross is an outstanding writer with an uncanny ability to communicate effectively on a host of financial, social, and psychological topics from both a macro and micro standpoint. Given those skills along with the fact that he manages the largest bond fund in the world, “sense on cents” dictates that we ponder his words of wisdom.

These words focus on the structural changes at work in the world today, and how investors should brace themselves for returns that are on the ‘threshold of mediocrity.’

Gross writes:

Global financial market returns stand at the threshold of mediocrity. With bonds priced not for recession but near depression, most major global bond indices now yield less than 3%, surely a forerunner of returns to come. (more…)

What Will Happen to the American Dream?

Posted by Larry Doyle on October 12th, 2009 2:41 PM |

The pursuit of a better life and greater opportunities have driven successive generations since the founding of our nation. Will that dream live on? Will future generations have a chance to live a better life than the current generation or recent generations?

Is the mere talk of this pursuit of the American dream mere poppycock? Do we think we can regain our economic stature and, once again, experience true economic prosperity merely because we want to have it happen?

Many feel that success is a function of a few basic principles combined with a little bit of luck. Is it truly luck, as some may maintain? No, I think not. I have always thought of luck as nothing more than where ‘preparation meets opportunity.’

In writing on this topic, I am not so hardened to think that families can easily or fluidly pursue opportunities which would entail picking up roots and moving. That said, demographic shifts will certainly be an ongoing theme as our economy and our country adapt to the new dynamics within the ‘Uncle Sam’ economy.

While we could debate at length the merits, or lack thereof, of bank bailouts and government support across a wide array of businesses and industries, I believe a great and unmentioned cost of a number of government programs is the masking of significant structural problems embedded in both the financial and moral balance sheets of individuals, families, corporations, and the government itself. (more…)






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