Bill Gross is one of the most influential money managers in the world. He is founder and co-chief investment officer of Pacific Investment Management Company (PIMCO). Each month, Bill writes his Investment Outlook, giving his take on the most important issues facing the global economy. It’s on my monthly must-read list. In this month’s letter, Allentown, he explains what’s really going on with the global economy and why it won’t be fixed by trying to artificially stimulate consumption.