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1.Market Observations, 8.Was Sticky

2 June 2017 (TheAge) – Pimco says it’s time to accumulate cash to offset rising risks – 70pc chance of recession ‘in next 5 years’

(2 June 2017, The Age, BusinessDay, p25, John Gittelsohn)

‘Pacific Investment Management Co has a message for investors: It’s time to stop taking the markets for granted. Investors have become too complacent and monetary, fiscal, trade and geopolitical risks abound, Pimco’s Richard Clarida, Andrew Balls and Dan Ivascyn said in a report issued overnight. There’s a 70 per cent chance of a recession in the next five years, they said.’



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