Wednesday, June 16, 2004

Pimco chief says global outlook unstable

From the Financial Times:

The outlook for the global economy is the most uncertain for 20 or 30 years, according to Bill Gross, the influential chief investment officer of Pimco, the world's biggest bond fund manager.

"Too much debt, geopolitical risk and several bubbles have created a very unstable environment which can turn any minute.

"More than any point in the past 20 or 30 years, there's potential for a reversal," he warned in an interview with the Financial Times.


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