Default May Be Only Option for Some Nations, Pimco’s Gross Says

Discussion in 'Wall St. News' started by ASusilovic, May 26, 2010.

  1. By Dave Liedtka

    May 26 (Bloomberg) -- Pacific Investment Management Co.’s Bill Gross said restrictive lending rates may leave default as the “only way out” for some sovereign borrowers when it comes to dealing with growing debt burdens and deficits.

    Gross, manager of the world’s biggest mutual fund, made the comments in his June investment outlook on the Newport Beach, California-based company’s website today

    I can't hear anymore PIMCO's Gross and El-Erian. Can somebody please shut down "Radio Pimco" ? Thanks.:p