Global Investor Services reported a loss of $4.31 million yesterday for its second fiscal quarter ended September 30, 2009. This compared to a loss of $1.91 million for the comparable prior year quarter ended September 30, 2008. With a first glance at the report many would assume that Global’s woes are increasing. However, this not [...]
Gross said the situation remains precarious. His investment has repeatedly called the “new normal” of much slower growth rate than what the normal has been over the last 20 years. With another drop possible and continued deflation, he said 30-year bonds with a yield of 4.13 to 4.15 percent would become attractive.
Written by Michael Markowski on
November 17, 2009 – 1:31 pm
