“It’s a global crisis from the standpoint of too much debt and delevering,” said Gross, Pimco’s co-CEO. “Greece is just the focal point for the moment, but it’s a continuing process and that’s why you see gold down, that’s why you see oil down, that’s why you see stocks down, that’s why you see risk assets down, is because they’re delevering and money is basically fleeing to the center.”
Follow
____________________________
____________________________
Danielle’s Book
Media Reviews
“An explosive critique about the investment industry: provocative and well worth reading.”
Financial Post“Juggling Dynamite, #1 pick for best new books about money and markets.”
Money Sense“Park manages to not only explain finances well for the average person, she also manages to entertain and educate while cutting through the clutter of information she knows every investor faces.”
Toronto SunSubscribe
This Month
Archives
Log In
The US Dollar is the ‘least dirty shirt’. Hmmm…least-dirty-shirt.
Hmmm. I don’t like that. Remain liquid, remain a fence-sitter. And be on the watch for the dreaded “Hail Mary”.