NEW YORK-"We are not in a death spiral, like we were in 2008 with Lehman Brothers," maintained Scott Migliori, U.S. chief investment officer of RCM, an asset management firm that is a member of Allianz Global Investors.

Migliori and other RCM chief investment officers maintain that the barrage of negative news in recent months has been entirely overdone and has needlessly set in panic among investors and corporations alike. They spoke on "Risks and Opportunities in Volatile Global Markets" in a presentation at RCM headquarters here.

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