Bill Gross: Why houses, stocks, and bonds are all crashing at once
Bob Morris @ Sep 6th 2008 07:41 - Category: Credit crisis
PIMCO’s Bill Gross explains why the markets for houses, stocks, and bonds are all crashing at once–and why they all have much farther to go. In a sentence? The global economy is in the process of delevering (reducing debt by selling assets)
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