PIMCO’s El-Erian: Greek Euro Exit ‘Probably Inevitable’
Greece may have to exit the 17-nation eurozone, and the monetary union should plan for it to ensure stability.
PIMCO’s Gross: Job Gains Not Enough for Growth
Pacific Investment Management Co.’s Bill Gross said job gains in September aren’t enough to sustain growth in the U.S. economy. He also said it appears neither political party understands what’s needed to fix chronically high unemployment.