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SUBSIM: The Web's #1 resource for all submarine & naval simulations since 1997
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SUBSIM: The Web's #1 resource for all submarine & naval simulations since 1997 |
03-10-11, 09:33 AM
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#1 |
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Soaring
 Join Date: Sep 2001
Location: the mental asylum named Germany
Posts: 42,602
Downloads: 10
Uploads: 0
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Black day for Geithner, Bernanke and Fed
Many German media report today PIMCO is abandoning all its dollar-based bonds, kicking them out of its portfolios completely.
Speaks for itself. PIMCO is a daughter of Allianz group and the world's biggest bonds trader. Behind the closed doors in Washington everybody knowing even a minimum about this stuff must feel like sailing on the Titanic today. PIMCO's move I rate as extremely alarming.
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