{"id":11119,"date":"2009-02-06T11:01:56","date_gmt":"2009-02-06T11:01:56","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bill_gross_says_us_must_spend_to_avoid_mini_depression\/"},"modified":"2009-02-06T11:01:56","modified_gmt":"2009-02-06T11:01:56","slug":"bill_gross_says_us_must_spend_to_avoid_mini_depression","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=11119","title":{"rendered":"Bill Gross Says U.S. Must Spend to Avoid Mini Depression"},"content":{"rendered":"<p>Bill Gross, co-chief investment officer of Pacific Investment Management Co., said the U.S. may slump into a \u201cmini depression\u201d\u009d unless policy makers spend trillions of dollars to spur growth.<\/p>\n<p>\u201cThis economy needs support from the government, a check from the government in the trillions,\u201d\u009d Gross said today in a Bloomberg Television interview from Pimco\u2019s headquarters in Newport Beach, California. \u201cThere is a potential catastrophe if the U.S. government continues to focus on billions of dollars.\u201d\u009d<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/apps\/news?pid=20601087&#038;sid=aisUgNlpOK.Y&#038;refer=worldwide\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bill Gross, co-chief investment officer of Pacific Investment Management Co., said the U.S. may slump into a \u201cmini depression\u201d\u009d unless policy makers spend trillions of dollars to spur growth. \u201cThis economy needs support from the government, a check from the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=11119\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,149,616,151,667,596,601],"tags":[],"class_list":["post-11119","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-economy","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-fiscal-stimulus-package-of-2009"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11119"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/11119\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}