And here’s something else to worry about. Bill Gross, head of PIMCO, the world’s biggest bond fund, calls it the “shadow banking system.” He’s referring to the way money and credit fly around the globe, courtesy of the very same “sophisticated” and “free” institutions that created such prosperity for so many people in the financial [...]
January 22nd, 2008 | Bill Bonner | 5 comments | Continued Our DR Global Editions: 
Wednesday, July 09th, 2008
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