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PIMCO says betting against U.S. debt was a mistake

Started by jason10006
over 14 years ago
Posts: 5257
Member since: Jan 2009
Discussion about
http://www.reuters.com/article/2011/08/30/us-pimco-treasuries-mistake-idUSTRE77S67420110830?feedType=RSS&feedName=topNews&rpc=71
Response by marco_m
over 14 years ago
Posts: 2481
Member since: Dec 2008

expensive mistake

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Response by Riversider
over 14 years ago
Posts: 13573
Member since: Apr 2009

Understandable mistake. Bill Gross had good reasons. Unfortunately for him the market valued return of nominal principal higher than earning a real return. Based on what's going on with Europe and the banks he may regret this for a while longer.

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Response by columbiacounty
over 14 years ago
Posts: 12708
Member since: Jan 2009

riversider: how did your fund do?

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