World’s Largest Active Bond Manager Predicts More Than 60 Percent Chance Of Global Recession In Next 3 To 5 Years
There’s been plenty of talk the past two days in financial/investing circles about a forecast made by Pacific Investment Management Co., the world’s largest active bond manager. In a report posted on the Newport Beach, California-based company’s website, PIMCO portfolio manager Saumil Parikh warned that investors should cut risk amid a more than 60 percent [...] Survival And Prosperity
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