Is PIMCO's Bill Gross Wrong Again?

Bill Gross of PIMCO is one of the world’s most successful money managers with $2 trillion under management yet he’s been spectacularly wrong on three major market calls in the past three years.

What does that say about his latest prediction that there’s a 60% chance of a global recession 3-5 years from now?

Perhaps every problem looks like a nail if all you’re working with is a hammer…...

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