PIMCO’s Perspective on the Recent Market Turmoil
Global financial markets have experienced historic turmoil in the past few days in the wake of the Lehman Brothers bankruptcy, the sale of Merrill Lynch and the heightened liquidity concerns over AIG that led to that insurer being taken over by the U.S. government. In this update, PIMCO Co-CIOs Bill Gross and Mohamed El-Erian outline PIMCO’s view about how this “disorderly redefinition of the U.S. financial landscape” is likely to affect investors.
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Categories: MWBoone and Associates
Written on October 17, 2008 at 8:01 am