Bill Gross: “We’re going to have a slow-growth economy and probably one in which inflation goes higher, which is not a conducive recipe for financial markets.”

“The United States is headed for a period of slow growth mixed with high inflation rates, a nasty cocktail for U.S. bonds, says Bill Gross, co-head of Pimco, the world’s largest bond fund.

“Debt tends to slow economic growth,” Gross tells CNBC.

“We’re going to have a slow-growth economy and probably one in which inflation goes higher, which is not a conducive recipe for financial markets.”

Investors should look to countries like Canada, Brazil, Germany or other countries with “pristine balance sheets” for more attractive sovereign debt….”

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