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Recent economic indicators seem to suggest that the worst of the Great Recession is over. The forthcoming era of predicted slow growth, high unemployment, and relatively scarce capital has been characterized as the era of the New Normal by Bill Gross and Mohammed El-Arian, CNBC mavens, and co-CEOs of PIMCO, which manages more than $100 billion...
Wed Jan 26 2011
Recent economic indicators seem to suggest that the worst of the "Great Recession" is over. The forthcoming era of predicted slow growth, high unemployment, and relatively scarce capital has been characterized as the era of the "New Normal" by Bill Gross and Mohammed El-Arian, CNBC mavens, and co-CEOs of PIMCO, which manages more than $100 billion in assets.
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