Without acceleration in population growth, deficit spending can't be successful in the “new...

|By:, SA News Editor

Without acceleration in population growth, deficit spending can't be successful in the “new normal” because deleveraging and re-regulation produces "structural headwinds" that lead to a slower economy, Pimco's Bill Gross says. If you want an example of what deleveraging in the face of a slowing or negatively growing population can do, just look at Japan.