PIMCO’s Bill Gross: Equity is Dead…Long Live Equity

Bond king Bill Gross opened a Pandora’s box when he decided that the “cult of equity is dying.” Citing a record low-interest policy from government as one of the main factors, Gross claims that both bonds and stocks are likely to face headwinds on account of inflation. According to Gross, “The cult of equity may be dying, but the cult of inflation may only have just begun.” He reiterated his ‘interesting’ remarks today. According to Gross, investors should brace for annual returns of 3-4%, the new normal, in place of the hitherto double digit growth they have enjoyed. Gross ventured…