Utility ETF Set To Benefit From Economic Climate
In his most recent commentary, PIMCO’s Bill Gross provides his rationale to invest in utility stocks.
Gross suggests that the Federal Reserve will remain accommodative for a very long time:
“Raise interest rates with 15 million jobless and 25 million part-time working Americans? All because gold is above $1,100? You must be joking or smoking – something. We will need another 12 months of 4-5% nominal GDP growth before Bernanke and company dare lift their heads out of the 0% foxhole – … [visit site to read more]
