“The only willing risk taker is the government,” said William H. Gross, the chief investment officer of the Pacific Investment Management Company, or Pimco, the giant bond trading firm. Speaking of the epicenter of the financial world, he added: “It is no longer New York, it’s Washington.”
Full NYT article here.
Insomniactive
John Thornton’s diary of media and books, with semi-occasional original content
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Insomniactive 