In the wake of Bill Gross' shock departure, Paul Krugman has been hammering on an important point, which is that PIMCO really started hitting the rocks when Bill Gross made a wrong call about interest rates in 2011.
In the wake of Bill Gross' shock departure, Paul Krugman has been hammering on an important point, which is that PIMCO really started hitting the rocks when Bill Gross made a wrong call about interest rates in 2011.