(Reuters) - Gross, the chief investment officer of Pacific Investment
Management Co., or PIMCO, also said in his July investment
outlook that the crisis would prompt the Federal Reserve to
lower the benchmark interest rate by year-end.
"To death and taxes you can add this to your list of
inevitabilities: the subprime crisis is not an isolated event
and it won't be contained by a few days of headlines in The New
York Times," he said.
Read more at Reuters.com Mergers News
Management Co., or PIMCO, also said in his July investment
outlook that the crisis would prompt the Federal Reserve to
lower the benchmark interest rate by year-end.
"To death and taxes you can add this to your list of
inevitabilities: the subprime crisis is not an isolated event
and it won't be contained by a few days of headlines in The New
York Times," he said.
Read more at Reuters.com Mergers News
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