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| PIMCO's Gross shifts to defensive investment model by w1ld at 10:17 pm EST, Feb 28, 2012 | |||
It's time for defense, says Bill Gross, manager of the world's largest bond fund. "Over the past 30 years, an offensively minded Federal Reserve and their global counterparts," or other central banks, "were printing money, lowering yields and bringing forward a false sense of monetary wealth," Gross wrote. | |||
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