Jun 29 2005
Rome Is Burning…
We regularly follow the commentaries from Bill Gross over at PIMCO to see where one of the nation’s largest bond management firms sees things going. Following such market movers is a good idea since reading into interest rates is critical for gauging the economy and markets as a whole. In his July PIMCO Investment Outlook, Gross suggests that Rome is indeed burning… While it may not be totally ablaze and out of control, he believes some of the moves being made by all participants, including policy makers, may well be adding gasoline to the fire. That would make an inferno all the more likely.
