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PIMCO's Bill Gross Provides His Predictions for 2013
Posted by: CanadianValue (IP Logged)
Date: December 31, 2012 04:00PM
I hope I can remember to check back in a year to see how he did. Here are his predictions:
- Stocks and bonds return less than 5%.
- Unemployment remains 7.5% or higher.
- Gold goes up.
- Five-year Treasuries yield 70bps at the end of the year.
- The U.S. dollar declines.
- WTI Oil goes over $100 at some point in 2013.
I thought he just knew bonds; apparently he covers all asset classes...
Stocks Discussed: GLD,