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Bond King Says Budget Pain Isn’t Enough In Europe
time.com 2 weeks, 4 days agoNEW YORK (AP) , The struggling countries of Europe have cut spending for two years in hopes of averting financial catastrophe and persuading bond investors to buy their debt. But the world’s most influential bond investor thinks it won’t work. Bill Gross, manager of Pimco’s $252 billion Total Return Fund, the largest mutual fund, says [...]














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