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PIMCO’s Bill Gross Cashes in U.S. Treasurys. What Should the Rest of Us Do?
It’s official. Bill Gross is divorced from the U.S. Treasury. The PIMCO Total Return Fund, the largest U.S. mutual fund at about one-quarter trillion dollars, now holds no U.S. Government securities. What’s up? Is the U.S. about to be downgraded? Is it bankrupt? Or is this a political thing? None of the above, according... »
John Tobey on Seeking Alpha
