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 PIMCO: Treasuries reflect likelihood of recession

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PIMCO: Treasuries reflect likelihood of recession Vide
PostSubject: PIMCO: Treasuries reflect likelihood of recession   PIMCO: Treasuries reflect likelihood of recession Icon_minitimeSat Aug 20, 2011 8:19 am
Bill Gross, manager of the world's largest bond fund, said on Friday the decline in Treasury yields to 60-year lows reflect a high probability of recession in the United States.

PIMCO: Treasuries reflect likelihood of recession 34761453



Gross, the co-chief investment officer at Pacific Investment Management Co., which oversees $1.2 trillion, also told Reuters Insider television the U.S. is running out of monetary and fiscal policy options.

"It is increasingly apparent to us that policy options are limited and that economic growth is slowing down," said Gross said.

http://www.reuters.com/article/2011/08/19/us-pimco-economy-gross-idUSTRE77I56W20110819
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