Pimco-to-DWS See U.S. Escaping Cliff as $1 Trillion Erased

Pimco-to-DWS See U.S. Escaping Cliff as $1 Trillion Erased

Scott Eells/Bloomberg

The world’s biggest investors say the rout that erased $1 trillion from the value of global equities after President Barack Obama was re-elected overlooks the fact that the world economy is improving while U.S. leaders start discussions that may avoid the so-called fiscal cliff.