Pacific Investment Management Co., the manager of the world’s largest bond fund, plans to launch a fund worth at least $1 billion to buy distressed loans from banks.
The fund will buy up past-due debt including commercial and residential mortgage loan…
While everyone hates inflation, deflation has instant emotional appeal: Who doesn’t like a bargain? But deflation is a far more serious economic problem than inflation — and, as we found, most folks don’t really know why. Do you? If not, no worries: Economist Gary Shilling will explain the reasoning. [Video]
Continue reading Street Smart: Do You Know What Deflation Is? [Video]
Street Smart: Do You Know What Deflation Is? [Video] originally appeared on DailyFinance on Wed, 17 Nov 2010 12:00:00.
Filed Under: Economy, Investing, Currency, Video, Ask an Expert, Streetwise
The U.S. government started the new fiscal year on the right foot, posting $140.4 billion deficit in October, the first month of the new fiscal year. That was substantially lower than the $148 billion deficit that had been fore…
Some of the best reads for investors from around the Web, including posts evaluating how consumers spend their money, whether Google could be considered a monopoly and the debate about the Fed’s policy on quantitative easing.
…
Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
…