"PIMCO are right"
That is funny! PIMCO have been consistently wrong about the market for over 18 months. When they announce an arbitrary change in the rules, they are admitting that they don’t understand what is going on.
“Growth is gone”
Someone forgot to tell the US Department of Commerce. http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm
Cheers
