Defaults in debt markets are starting again, warns Pimco. Here’s the bond
giant’s game plan.
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Investors should increasingly seek out fixed income to anchor portfolios as
equity valuations look stretched, says Pimco.
6 hours ago
CANBERRA, Australia — Australia was bracing on Monday for days of "catastrophic" fire and heat-wave conditions, with fires already burning in five states.
ReplyDeletePrime Minister Julia Gillard toured fire-ravaged Tasmanian townships and promised emergency aid for survivors, who told of a "fireball" that engulfed communities across the thinly populated state on Friday and Saturday.
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"The trees just exploded," local man Ashley Zanol told Australian radio, recounting a wall of flames that surrounded his truck as he carted water to assist fire crews in the hard-hit township of Murdunna, which was largely leveled by the inferno.