GDP ratio
Bill Gross of PIMCO grades the deficit deal: Scarlet ‘A’Posted by RJ and Makay on Aug 05, 2011 |
>> Read More RJ & Makay Blog Posts
PIMCO’s Bill Gross, head of the world’s largest bond fund, says that the recent Washington deficit deal to cut government spending and raise the borrowing capacity of the U. S. does not make a significant dent in the deficit. PIMCO’s Total Return Fund, with assets of $243 billion, held 8 percent in U.S. Treasuries and treasury-related securities at the end of June.
