Tag: PIMCO

PIMCO Chief Warns About Potential US Recession, ‘Significant Growth Slowdown’

Andrew Balls from investment firm PIMCO has warned about the possibility of a recession in the United States, with Europe likely to face a similar situation. The chance of America slipping into a recession over the next 12 months is “probably more likely than not,” the global chief investment officer for fixed income at PIMCO…


Neighbor Wins Restraining Order Against Laguna Beach Billionaire

SANTA ANA, Calif. (CNS)—A judge granted a three-year restraining order on Dec. 23 to keep billionaire “bond king” Bill Gross from harassing his Laguna Beach neighbor by blasting backyard music, in the latest development in a dispute that erupted when the neighbor filed a complaint against Gross for erecting netting around an outdoor art installation…