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Must Read - Pimco McCulley interview


Eric50
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Really good interview of McCulley who highlights the key risks in 2010. The funding crisis is getting closer:

 

Key quote: "We’re probably going to have a $1.4 trillion deficit this year without the Fed on the buy side of the market for duration. There is major uncertainty about how the supply/demand equation for duration will resolve itself when the Fed is out of the picture."

 

http://www.advisorperspectives.com/commentaries/pimco_122609.php

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