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US dollar is the big loser from S&P downgrade notes Bill Gross
Posted on 08 August 2011 with no comments from readers
Bill Gross of Pimco, the largest US bond fund manager, says the US dollar will be the biggest loser from the S&P downgrade, eurozone buying of Spanish and Italian bonds and possibly QE2.5.
He takes his hat off to S&P for being bold enough to downgrade and call time on government overspending.
Posted on 08 August 2011
Categories: Banking & Finance, Bond Markets, US Dollar, US Stocks, Video Channel
