An attendee sits near a rendition of the U.S. national debt clock in Madison, Wisconsin, U.S. (Photographer: Luke Sharrett/Bloomberg)

Pimco Veteran Says Recession Possible in as Early as Three Years

(Bloomberg) -- Pacific Investment Management Co. sees a 70 percent chance the world economy enters a recession over the next five years as ultra-loose monetary policy from the U.S. to Europe comes ...