PIMCO’s Gross warns of economic “breaking point”

Posted on 31. May, 2012 by Collections Recon in World News

NEW YORK (Reuters) – The debt crisis and central bank policy responses have degraded the quality and value of debt markets and signal a “potential breaking point” in the global economy, PIMCO’s Bill Gross, manager of the world’s largest bond fund, said in his monthly letter to investors.