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Pimco’s Bill Gross – Financial Markets Are Slowly Imploding

February 01, 2012 | About:

- Portugal Bond yields clearly signaling a restructuring or default is coming.

- Europe has a fundamental problem of north versus south.

- German bonds are overvalued; Italian and Spanish bonds could be undervalued if there is a restructuring down the road.

- Pimco is simply staying away from eurozone debt.

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