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Investors Are Drunk on Stability Paul McCulley of PIMCO

Michael Covel (May 26, 2005)

I attended a luncheon recently in La Jolla, CA where Paul McCulley of PIMCO spoke to the idea of a "stable disequilibrium" - a unique concept that helps to explain the volatile uncertainty facing traders across the globe. Paul is a great speaker. He could easily be a history professor ...

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