If financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.

Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.

When the tide goes out, you get to see who's swimming naked. PIMCO has had its bathing suit on for a long time

Both from the standpoint of stocks and bonds, an investor wants to go where the growth is.

Why is it possible to rescue S&L buccaneers in the early '90s and provide guidance to levered Wall Street investment bankers during the 1998 long-term capital management crisis, yet throw 2 million homeowners to the wolves in 2007?

Ex-Fidelity mutual fund manager Peter Lynch was certainly brilliant in one respect: he knew to get out when the gettin was good.

Accountants, machinists, medical technicians, even software writers that write the software for "machines" are being displaced without upscaled replacement jobs. Retrain, rehire into higher paying and value-added jobs? That may be the political myth of the modern era. There aren't enough of those jobs.