Post Tagged with: "Pacific Investment Management Co."

August 3, 2011 05:08

Pimco, BlackRock Say U.S. Economy Is Running at ‘Stall Speed,’ Fed May Act

“We’re not looking at a recession yet, but we’re at a tipping point,” Gross said yesterday in an interview on Bloomberg Television. “We’re at what we call a stall speed in which corporate profits don’t grow, jobs aren’t created,” said Gross – Bloomberg.com