Gross Says Europe in Debt Trap After Relief Plan: Tom Keene – Bloomberg 06-29-12

Salient to Investors: PIMCO’s Bill Gross said a debt trap remains even after the European agreement, continues to avoid the debt of nations including Spain and Portugal in favor of U.S. Treasuries and mortgage securities. Gross said both the peripherals and the core union nations have too much debt, whose marginal cost

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