Pimco’s Bill Gross: Investment Outlook
I receive Bill Gross’ Investment Outlook in my email every time he comes out with a new one on Pimco’s website. The newest one he put out is an amazing piece on his thoughts about numerous topics including Americans blindness towards the ever increasing deficit, the ultimate destruction of our future generations due to our selfish spending, and how we do not realize the effects of a lower dollar on our wealth.
Click on the link below to see the entire article.
http://www.pimco.com/Pages/OffWithOurHeads.aspx
Bill Gross is very forthright in his views. Brian and I have had many conversations about the exact notion Bill Gross is explaining when he goes into the fact that we think we are all richer when the stock market goes up by 10% but the dollar is depreciating at the same time, basically wiping out that appreciation in the stock market.
People (because it is not that visible to most) tend to forget that when the dollar goes down we are losing wealth and purchasing power. Because we got into the mess of becoming much more of a service country instead of  the manufacturing country we once were we need to import most of our items which adds to the problem.
I am glad someone, especially someone with such a strong name as Bill Gross, came out and said our future is in trouble. Everyone wants to get out of this mess right now, including Washington, because it does not look good on them if we are in this for a while. No one is taking into account the absolute shit storm we are creating for future generations. Trillions of dollars in the hole is going to take its toll, and it is going to to hit hard at some point. Â If not now, then our children and possibly their children will.
I am moving to Canada…
