“Human nature means that institutions at some point lose their sense of mission. That sense of vulnerability drives Pimco.”
Bill Gross
Tags: Drives | Human | Institutions | Lose | Means | Natures | Point | Sense | Some | Their | Vulnerability
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Americans now know that housing prices can go down and they can go down by 10, 20, 30, and in some cases, 40 or 50 percent. We know they can go down. But five years ago, we thought they could only go up.
Bill Gross
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