Investment Outlook - Allentown

Great article. The developed countries are financially tapped out, thus demand for more stuff (goods and services) is not growing. The developing countries do not have the financial systems, but have people that are working for less than the developed world. Thus jobs are moving from the developed countries to undeveloped. This is equalizing the world, and the standard of the living for the developed world is dropping and will continue to do so at a faster pace. The developed world solution, is not an economic one of getting a handle on it (eg less debt and more productive), but one of printing money and adding debt. This "solution" only makes the depression worst.

PIMCO Investment Outlook - Allentown