If 60/40 Keeps Working, Democracy Has Failed, Paul McCulley Says
Paul McCulley, chief economist of Pacific Investment Management Co. (PIMCO), stands for a photograph at PIMCO headquarters in Newport Beach, California, U.S. (Photographer: Patrick T. Fallon/Bloomberg)

If 60/40 Keeps Working, Democracy Has Failed, Paul McCulley Says

(Bloomberg) -- Portfolios consisting of 60% equities and 40% bonds have had an incredible run, both this year and over the long term.
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