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Pimco’s new catchphrase to sum up the global economy: stable, but not secure

Central bank policies showing signs of exhaustion, investment giant says.

PIMCO has a new investment catchphrase: Stable, but not secure.

The Newport Beach, Calif. investment giant's most recent outlook calls for growing and heightened uncertainty, thanks in part because governmental policies have reached the point of exhaustion. “On the margin, we're using increa

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