If you're trying to find a gloves-off assessment of the U.S. economy, look no further than bond market heavyweight Bill Gross.If you're trying to find a gloves-off assessment of the U.S. economy, look no further than bond market heavyweight Bill Gross, chief investment officer at Pimco, the giant bond house in Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. . In his monthly investment outlook titled "The Gang Who Couldn't Talk Straight," Gross chastizes President Bush for what he sees as misguided mis·guid·ed adj. Based or acting on error; misled: well-intentioned but misguided efforts; misguided do-gooders. mis·guid policies on education, Social Security, health care and the budget deficit. These policies, he claims, should force investors to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. , namely by parking their money overseas. "Let's talk turkey. Let's shoot straight folks, without the requisite hyperbole hyperbole (hīpûr`bəlē), a figure of speech in which exceptional exaggeration is deliberately used for emphasis rather than deception. that seems to define America's modern age and current politics," Gross writes. "If pensions, health care and defense are going to drain such an increasingly significant share of gross domestic product in future years, where does the money come from to promote economic growth? Staff reporter Howard Fine Howard Fine (November 28, 1958) is an American acting teacher, the founder of the Howard Fine Acting Studio in Hollywood, CA, and also a theatre director. Early Life Howard Fine was born on November 28, 1958 in Providence, Rhode Island. He is the youngest of 5 children. contributed to this article. Kate Berry can be reached at (323) 549-5225, ext. 228, or at kberry@labusinessjournal.com. |
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