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A Safe Way to Build Wealth in the New Normal Economy
Is your portfolio prepared for the “new normal” economy?
In May, Mohammed El-Erian issued a fairly gloomy forecast for the world economy.
The CEO and Co-CIO of PIMCO, a firm which manages $700 billion in assets, said the world economy has entered a “new normal” state.
He predicted, “For the next 3–5 years, we expect a world of muted growth, in the context of a continuing shift away from the [United States, Japan, and Germany] and toward the systemically important emerging economies, led by China.
That’s pretty much in line with what we’ve been expecting. We’re looking at GDP growth of 1%…
14Jul2009 | Q1 Publishing | 0 comments | Continued
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