UPDATE 1-Pimco's Gross: US depends on credit growth but not occurring
September 03, 2014 at 08:40 AM EDT
NEW YORK, Sept 3 (Reuters) - Economic growth depends on the productive use of investment and rejuvenation of "capitalistic animal spirits," but that's not taking place now, said Bill Gross, manager of the world's largest bond fund, in his latest investment outlook letter on Wednesday.