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  • The 'Minsky moment' unfolds

    Pimco, the world's largest bond fund, have repeated their belief that we are facing a 'Minsky moment', named after Hyman Minsky (pictured). His insight was that a long period of stability, such as that experienced over the past decade, eventually leads to major instability. This is because...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-16-2008
  • 'The price of all assets will go down'

    'Deleveraging' is an ugly word, and it has ugly implications. Bill Gross of Pimco, who manages the world's largest bond fund, has done us all a favour by trying to explain its impact, and why it is likely to continue for some time to come. He notes that all financial institutions are now...
    Posted to ICIS Blogs (Weblog) by Anonymous on 09-07-2008
  • Global inflation on the rise

    Pimco, the world's largest bond investors, are worried about rising inflation . Their main concern is that many Asian and Middle Eastern countries had 'anchored' their currency to the US$. 'With that anchor gone', they comment, 'due to the US Federal Reserve's focus on preventing...
    Posted to ICIS Blogs (Weblog) by Anonymous on 08-14-2008
  • Current account deficits start to matter

    The US Fed’s decision to keep cutting interest rates is causing a major change in Asian investment behaviour. This will slow world economic growth quite significantly, and is bad news for chemical industry sales. It also means that the informal Bretton Woods II (BWII ) system of currency management has...
    Posted to ICIS Blogs (Weblog) by Anonymous on 03-31-2008
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