Bill Gross: Odds of Recession High

By on August 22, 2011

Pimco’s Bill Gross was quoted on Friday as stating the lowest Treasury yields in 60 years reflected a high probability of recession in the U. S.

Gross is also of the opinion there are few options left to fight the recession.

In May, Gross had said he would only buy Treasuries if the U. S. was heading into a recession.

Source: Reuters

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