Archive for March 9th, 2011

World’s Biggest Bond Fund Dumps All U.S. Government Debt


Wednesday March 9th, 2011   •   Posted by David Theroux at 7:50pm PDT   •   0 Comments

Susanne Walker reports at Bloomberg that because of fears of inflation created by the enormous credit expansion by the Federal Reserve and rapidly increasing U.S. government deficit spending, the world’s biggest bond fund at Pacific Investment Management Company (Pimco) has dropped all U.S. government debt from its portfolio. Bill Gross, who runs the world’s…
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