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PIMCO's Gross shifts to defensive investment model
by w1ld at 10:17 pm EST, Feb 28, 2012

It's time for defense, says Bill Gross, manager of the world's largest bond fund.

"Over the past 30 years, an offensively minded Federal Reserve and their global counterparts," or other central banks, "were printing money, lowering yields and bringing forward a false sense of monetary wealth," Gross wrote.
Time to sell..

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