Bill Gross is never shy about what he sees ahead in the economic world. He runs the largest bond shop in the world and his opinion matters.
PIMCO | Investment Outlook - Towards the Paranormal:
"The New Normal as PIMCO and other economists would describe it was a world of muted western growth, high unemployment and relatively orderly delevering. Now we appear to be morphing into a world with much fatter tails, bordering on bimodal. It’s as if the Earth now has two moons instead of one and both are growing in size like a cancerous tumor that may threaten the financial tides, oceans and economic life as we have known it for the past half century. Welcome to 2012."