thestatedtruth.com | December 22, 2011
The head of the world’s biggest bond fund said he sees a more than 1 in 3 chance that the euro zone will break apart and trigger a financial crisis akin to the one that devastated the global economy in 2008. From Bloomberg: “It would be the equivalent of a sudden stop in which financial markets seized […]
Category: Commentary, Economy, National News, World News |
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Tags: El-Erian, PIMCO
thestatedtruth.com | May 26, 2011
Here are some of his key points….Policymakers have embraced initiatives designed to boost asset prices, divorcing them from economic fundamentals.  The impact on Main Street has fallen well short of expectations. Interest rates have been repressed. The dollar has also seriously weakened. The net effect has been a double edged sword. “Good†asset price inflation has […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Wall Street |
743 Comments »
Tags: Constructive Paranoia, El-Erian, inflation, PIMCO
thestatedtruth.com | November 3, 2010
Given the high market expectations, the US Federal Reserve had no choice but to announce a second tranche of quantitative easing, nicknamed QE2. But the measure is an inevitably blunt instrument for the difficult task of restoring growth and generating jobs. The benefits accruing to America come with burdens for other countries, and both could […]
Category: Commentary, Economy, Finance, Interest Rates, Bonds, National News, Personal Net Worth, Real Estate, Wall Street, World News |
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Tags: El-Erian, PIMCO