Asset Values: Imf Forecasts and Behemoth Pimco

asset values: Gross railed against central banks for contributing to the expanding universe of negative-yielding bonds that has taken over Europe and Japanese debt markets, according to Market Watch. He argued that the way low interest rates juiced asset values is not likely to remain sustainable in the future. That's from Bill Gross, co-founder of bond-market behemoth Pimco, who took on a familiar target in his first investment outlook since his retirement from money management at Janus Henderson. Prepare for slow economic growth globally and an end to double-digit market price gains of months and years past, said Gross. This, in turn, has contributed to the sharp run-up in asset values despite an anemic global economy, which the IMF forecasts will grow 3% this year. Central banks have looked to ease policy across the world, pushing bond yields into subzero territory. (news.financializer.com). As reported in the news.