Pimco Says ‘Massive’ Stimulus On The Way! Still Have To Contend With ‘The New Normal’
Posted By thestatedtruth.com on December 9, 2010
So that’s why interest rates have been rising lately!
Pacific Investment Management Co., which manages the world’s biggest bond fund, is raising its forecast for U.S. growth next year as policy makers pump a “massive amount†of stimulus into the economy, Chief Executive Officer Mohamed El-Erian said.
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