FT front page: Bond fund giant Pimco prepares for ‘harder landing’ for global economy

<p>The Financial Times front page carries a piece looking at how Pacific Investment Management Company (PIMCO) is preparing for a US recession. </p><p>Citing PIMCO's chief investment officer.</p><p>In brief the piece says:</p><ul><li>the market is too optimistic on rate cuts</li><li>that persistent inflation remains a key issue</li><li>the firm is expecting a 'wave' of forced selling</li></ul><p>While the FT is gated, here is a tweeted pic of the front page. If you've been eating a lot of carrots you'll be able to read the piece and get more info:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.