Economic growth depends on the productive use of investment and rejuvenation of "capitalistic animal spirits," but that's not taking place now, said Bill Gross, manager of the world's largest bond fund, in his latest investment outlook letter on Wednesday.
Read more »
Pimco, home to the world's largest bond fund run by co-founder Bill Gross, upgraded its assessment on U.S. economic growth on Wednesday, saying it now expects expansion to run between 2.5 percent and 3 percent in 2014.
