Monday, 4 June 2012


Market rumor: Pimco and JP Morgan halt vacations to prepare for economic crash


 


On June 1, market rumors were coming out of a hedge fund luncheon stating that Pimco, JP Morgan, and other financial companies were cancelling summer vacations for employees so they could prepare for a major 'Lehman type' economic crash projected for the coming months
http://www.examiner.com/article/market-rumor-pimco-and-jp-morgan-halt-vacations-to-prepare-for-economic-crash

Gross: Wall Street is a food chain, Europe is a tumour


PIMCO's Bill Gross has told investors they will find it difficult to repeat the performance of the past 30 years, comparing Wall Street to a food chain and Europe to a "tumour". 


http://www.investmentweek.co.uk/investment-week/news/2181480/gross-wall-street-food-chain-europe-tumour