"BILL Gross, the world's most influential bond investor, didn't hold back in summing up the bearish market sentiment.
''Sovereign balance sheets resemble an overweight diabetic on the verge of a heart attack,'' said the US-based investment manager of Pacific Investment Management Company, also known as PIMCO.
Gross also said the global economy was at risk of lapsing into recession, with growth falling below what he labels the slow "new normal" level"..............READ MORE
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