new normal

  • 13 May 2014 at 3:11 PM

Bill Gross Not Yet Ready To Let A Certain Someone Go

Last month, Pimco deputy chief investment officer Scott Mather announced that the “new normal,” a phrase created by Pimco founder Bill Gross and former CEO Mohamed El-Erian, was no longer. “Our view is that what you’ll see in next the few years is we’re going to head back to a new destination,” Maher said in an interview with Bloomberg Surveillance. It was assumed that Maher made the proclamation with the full backing of Gross, and, what’s more, that it came about as a result of Gross’s feelings for his collaborator El-Erian, who quit in February and who Gross, after a series of outbursts regarding the departure, was ready to declare dead to him, along with the phrase. Apparently, though, Maher spoke too soon. Read more »

Maybe the firm’s growth forecast for the U.S. is legit. Maybe we really are “head[ing] back to a new destination.” OR MAYBE SOMEONE JUST CAN’T STAND TO HEAR A PHRASE THAT REMINDS HIM OF SOMEONE WITH WHOM SOMEONE SPENT MANY A LATE NIGHT EATING GREASY TAKE OUT AND STANDING IN FRONT OF A WHITEBOARD WHILE TRYING TO COME UP WITH THE PERFECT NAME FOR THE CONCEPT…WHO SOMEONE RUES THE DAY HE EVER MET.. Read more »