BUSINESS

Gross, Bond King: Greed Will Soon Return To Wall St.

08/02/2009 05:12 am 05:12:01 | Updated May 25, 2011

NEW YORK (Reuters) - Bill Gross, the influential investor who runs top bond fund Pimco, said on Wednesday that greed will eventually become the norm again for consumers and investors, but fear continues to rule for now -- a mindset that will result in subdued U.S. economic growth for some time.

"Greed will come again. But for now, the trend is the other way and it promises to persist for a generation at a minimum," said Gross, the co-chief investment officer of Pacific Investment Management Co.

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