Bill Gross - - founder of world’s biggest bond fund - - says debt imbalances essence of problem of global weakness
Jul 2nd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Bill Gross, the 66-year old founder of the world's biggest bond fund at Pacific Investment Management Co (PIMCO) said in his monthly investment outlook this week that a lack of global aggregate demand, resulting from too much debt in parts of the global economy and not enough in others, is the essence of the current problem of global weakness.