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Vivian Lewis is editor and founder of Global-Investing.com, the daily blog newsletter for Americans and others seeking to internationalize their portfolios. She brings unique experience and competence to the business of picking foreign stocks.
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Wen and Wowkadaw
Here is the latest from Bill Gross, CEO of Pimco:
He begins with the usual conundrum of sovereign debt rating ceilings. This means that a country, however badly managed, gets a higher or equal bond rating than the bonds of companies located there. The reason is that a sovereign is assumed to be more creditworthy than its “serfs” (Gross's term). He explains:
