In an interview for the FT, PIMCO's Bill Gross said the US recession has started, interest rates would have to come down to 3 percent next year to provide a floor for home prices and that their latest acquisition - Alan Greenspan - should have regulated mortgages before the current crisis hit.
US Recession has started says Bill Gross
Posted by dandare (#1) 1509 days ago (http://www.ft.com)Who Voted for this Story
Credit crash is a social news site for the credit markets.