Word: mcculley
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...Paul McCulley and Ramin Toloui are portfolio managers at the Pacific Investment Management Company (PIMCO), one of the world's largest fixed-income investment firms
...unilateral withdrawal of the demand for goods resulting from a significant rise in our savings rate, unaccompanied by a proportional increase in consumption outside the U.S., would put us on a path to pain again. As my good friend Paul McCulley, the endlessly creative monetary guru at PIMCO, has said, the rest of the world needs to shed the hair shirt of denial and embrace hedonism...
...Asian developing countries are not buying our dollars because they like us (as McCulley also notes); they are doing it because they believe it is in their interest to do so. They are practicing mercantilists, employing an economic philosophy popular in Europe hundreds of years ago, which roughly equates a nation's strength and economic security with how big its pile of currency reserves happens to be. Call it the Scrooge McDuck approach to national well-being...
...invasion of Iraq, there seem to be more terrorist cells. Anti-American sentiment has reached an all-time high, and President Bush is largely responsible for that. I don't think creating hundreds of new terrorists every day is an effective policy for dealing with terrorism. Douglas E. McCulley Virginia Beach, Virginia, U.S. How many times have we heard that al-Qaeda wants to pull off an attack in the U.S. before the elections? Terrorists carried out coordinated bombings in Madrid on March 11, and the Spanish candidate challenging the Prime Minister in the March 14 election - the candidate whom...
...Wendy R. McCulley '86, also a founder, said that members of the association plan to visit local junior high and high schools to attract students there to lectures and participate in special discussion groups with speakers...