Saturday, July 26, 2008

Houston, we have a trillion dollar problem

Bill Gross's monthly investment outlook is a must-read. Here he talks about a trillion dollar write-down the banks would have to take before things get better. Home, sweet home, when the cows come home?
http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2008/Investment+Outlook+Bill+Gross+Mooooooo+August+2008.htm

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