October 01, 2013 at 09:30 AM EDT
Demographics will drive the ‘new normal’ economy
By John Wasik (Reuters) – One of the most difficult terms to understand in long-term investing nowadays is “new normal.” Coined by PIMCO Chief Executive Mohamed El-Erian, it means the “world of muted growth” that followed the 2008 meltdown. And although stock returns have been strong this year, down the road, the “new normal” will largely [...]
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