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PIMCO Worlds Largest Global Income Manager To Drop Bonds In Eurozone


YouKnowWhatIMeanLike

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Apr 13, 2011
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PIMCO: Euro Far From Being A Perfect Reserve Currency

The eurozone, we believe, will remain mired in its driver-passenger conflict. While the U.S. will surely provide confidence to some passengers in the eurozone car, it is highly unlikely in our view that eurozone policymakers will make substantive progress in the direction of the U.S. during 2013.
This is getting real interesting now we might go back to the punt sooner than you think...
 


DownTheyGo

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Dec 4, 2010
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5,314
I can't open the link but if Bill Gross has tarnished EZ bonds as risky plays, another major precedent is being set.
 

Ulster-Lad

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Good news and strategy on PIMCO's part. Who in their right mind would invest in the Eurozone?
 

Dublin 4

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The Game is gettin good Peeps - the game is gettin good :p

C'mon the game! :p
 

Taxi Driver

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PIMCO Worlds Largest Global Income Manager To Drop Bonds In Eurozone

PIMCO: Euro Far From Being A Perfect Reserve Currency

The eurozone, we believe, will remain mired in its driver-passenger conflict. While the U.S. will surely provide confidence to some passengers in the eurozone car, it is highly unlikely in our view that eurozone policymakers will make substantive progress in the direction of the U.S. during 2013.
This is getting real interesting now we might go back to the punt sooner than you think...
The thread title is completely misleading. There is not one mention of bonds in the link. Not one. The piece only refers to currency allocations being changed.
 

jake76

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Feb 15, 2007
Messages
337
All those who bought Irish bonds when they were at 15% are a lot richer today.
As long as you can sold them, paper profit at the moment!
 

FrankSpeaks

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Apr 18, 2008
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4,625
Where did I say they did? :?
The clue is in the title of the OP.................................................................I despair!
 

Dublin 4

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The clue is in the title of the OP.................................................................I despair!
Not my OP - despair elsewhere.

There are however serious implications as linked by Youknow & UL...
 

Crazy horse 6

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Dec 15, 2011
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13,515
Brisk business in the banks today I'd say in the withdrawals section. The tide is coming in and some people still have their towels on the sand.
 

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