when schadenfreude is a two-way street

Even if the PIMCO founder would like to dwell on his first annual loss in 14 years, it’s just too damned nice out to complain. And he expects that the southern California sun will be shining as brightly on the links tomorrow as it has on the bond market in 2014, while you shiver your way home through eight to 12 inches of Manhattan’s picturesque gray, brown and yellow snowscape. Read more »