06-26-2007
|
| Administrator
Join Date: Dec 2006
Posts: 6,037
BRL$: 46,214.84 Thanks: 3
Thanked 12 Times in 10 Posts
Rep Power: 645 | |  Economy - Tuesday (Investor's Business Daily)
Investor's Business Daily - Bill Gross, chief investment officer at Pacific Investment Management Co., or PIMCO, said the subprime mortgage crisis will hurt the economy and force the Fed to cut interest rates by year-end. "The subprime crisis is not an isolated event and it won't be contained by a few days of headlines in the New York Times," said Gross, who manages the world's biggest bond fund. He said subprime woes will reduce consumption and new-home building over the next 12 to 18 months.
To view links or images in this forum your post count must be 1 or greater. You currently have 0 posts.
| |
__________________
Jason p. - Administrator
█ High Quality
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
█ Powerful
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
█
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
| | | |
