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Risk not adequately compensated says PIMCO

Friday 3rd of September 2004
Asia’s influence as a provider of funding for the US economy cannot continue indefinitely. Douglas Hodge, a director of the giant US fixed interest manager PIMCO, says we are walking a global tightrope, balanced by inflation and deflation.

“The global story is about Asian supply and US demand. In the US we have seen an explosion of debt and an increasing reliance on China and Japan to fun...

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