Pimco’s Gross: Treasurys only option as delevering roils markets

“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.”

Here is a direct link to the video.

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One Response to Pimco’s Gross: Treasurys only option as delevering roils markets

  1. aliencaffeine says:

    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”.

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