Bill Gross Thinks Today's Richmond Fed Report Was Really Bad

Following today’s horrific print from the Richmond Fed, PIMCO’s Bill Gross responded calling it disastrous.

What’s worse, he believes it means growth screeched to a halt.

Economists surveyed by Bloomberg currently estimate that the economy expanded at an annualized pace of 1.4 per cent during the second quarter, below the 1.9 per cent recorded during the first three months of 2012.

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