| How does Shakespeare tie into problems with Greece? |
"Neither a lender nor a borrower be"Two Will Get You Three (or) Three Will Get You TwoVery interesting title to a recent update from Bill Gross from PIMCO (Pacific Investment Management Company). PIMCO is considered one of the top bond managers in the world and Bill's comments on the debt levels of countries in the news lately is very compelling. "In many cases therefore, it may not be possible for a country to escape a debt crises by reducing deficits!" PIMCO called the subprime problems well in advance of the melt down in 2007 and 2008 and called the sovereign debt crises well before it hit the headlines this spring. Click here to read Bill's latest comments
|