Bill Gross Of PIMCO Says Interest Rates Will Stay Low For A Long Time

| December 2, 2011

Bill Gross of PIMCO says (despite today’s positive unemployment news) things continue to be bad, and interest rates will likely stay at record lows for another four years. From Bloomberg: Pacific Investment Management Co.’s Bill Gross said U.S. employment growth won’t prevent the Federal Reserve from signaling that borrowing rates will remain lower longer than policy makers have already indicated. […]

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