Stuart Varney put the question directly to me last week during his Fox Business show:
What do I make of comments from PIMCO's Bill Gross...that he's projecting a 60% chance of a global recession in the next three to five years?
Now, Bill Gross is obviously one of the most powerful men in the world. PIMCO, the firm he founded, is the world's biggest bond manager. He has assets under management of more than $2 trillion (that's right, with a "t").
So what exactly do I think about Mr. Gross's latest prediction? Not much.
This is like predicting 10 of the last two recessions...eventually he'll get it right.
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