Pacific Investment Management Co. investment chief Daniel Ivascyn is in a slump, hurt by a bet on housing bonds and investors’ flight to safety.
For much of the past decade, Mr. Ivascyn’s Pimco Income Fund has posted stellar returns. Its surging popularity made it the world’s largest actively managed bond fund and helped salve the wounds at Pimco left by the acrimonious 2014 departure of Mr. Ivascyn’s predecessor, Bill Gross.
Pimco, wanna play?
I'll teach you what's called currency manipulation
How do u like losing to a woman?
You really want to play with my wife huh?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Caps on groundwater use create a new market in CaliforniaCalifornia lawmakers aim to bring groundwater use to sustainable levels by the early 2040s Oh good. A short 20 years from now. May be a touch late.
Source: TheEconomist - 🏆 6. / 92 Read more »
Rising Global Recession Odds Signal More Credit And Market Risks For Financial InstitutionsBond markets in the U.S., U.K. and Europe are signaling rising odds of a global recession. However, we are in unchartered territory. Financial institution risk managers urgently need to evaluate their risk models in order to mitigate credit, market, liquidity, and operational risks. One problem is estimating the timing of a recession. In previous examples of inversion, a recession was anywhere from 5 mos to 22 mos n2 the future. Or different conditions around central bank than in ‘08 could’ve distorted the yield curve. Either way, timing mkts is never easy. Yeah because stocks are always a solid indicator of how an economy is doing... yeah so can't even say that with sarcasm anymore. EpochTimes RandallLane
Source: Forbes - 🏆 394. / 53 Read more »
Fears About Global Economic Growth And A U.S. Recession Lead To Market SelloffThe stock market extended its losses today as investor anxiety ratcheted up amid dismal economic data and an inversion in the yield curve That’s some dirty talk Fake news 🤷🏽♂️
Source: Forbes - 🏆 394. / 53 Read more »
Trump Spoke With Banking Chiefs Wednesday as Market FellPresident Trump held a conference call with the chief executives of three major U.S. banks on Wednesday, the day the stock market saw a precipitous drop and the configuration of interest rates prompted fears of a potential coming recession, according to people familiar with the matter. Trumpian Brand Management: as predicted, an incompetent White House begins to crater the economy, squandering an eight-year recovery gifted by the previous administration. getting plans together for digital currency release
Source: WSJ - 🏆 98. / 63 Read more »
Trump held conference call with big bank CEOs amid market turmoil: sourceTrump held a conference call with the CEOs of the three largest Wall Street banks as financial markets were in turmoil - source Did he stamp his foot? Stock market up 315+ today CHAOS IS GOOD FOR CASH FLOW!!!
Source: Reuters - 🏆 2. / 97 Read more »