If Einstein Ran the Fed, Rates Would Rise
Einstein said weird stuff happens at the quantum level, Bloomberg’s Mark Gilbert writes. Standard economics is not appropriate as one approaches the zero rate bound.
‘Be Brave’ and Buy Dividend-Paying Stocks, Allianz CIO Tells Investors
The time may be coming when investors should “think the unthinkable” and be prepared to pay safe-haven banks to hold their money, says AGI Global CIO Andreas Utermann.
PIMCO Separated From Allianz
German insurer Allianz has divided Pacific Investment Management (PIMCO) and Allianz Global Investors from its main business into a new division called Allianz Asset Management.