PIMCO’s El-Erian Again Warns: QE3 Won’t Produce The Outcomes We Want

| January 9, 2012

PIMCO ranks as one of the top 5 smartest bond money managers in the world…..we should pay attention to what they think.  EL-Erian and his business partner and PIMCO co-founder Bill Gross, along with another of the smartest money hedge fund managers Bridgewater, stated in separate reports last week that the economic bounce we’re seeing now is unlikely to last, because most […]

PIMCO’s Co-founder El-Erian Sees Real Risk That Europe May Spark Lehman-Like Financial Crisis

| 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 […]

Bill Gross Of PIMCO Says Interest Rates Will Stay Low For A Long Time

| December 2, 2011

Bill Gross of PIMCO says (despite today’s positive unemployment news) things continue to be bad, and interest rates will likely stay at record lows for another four years. From Bloomberg: Pacific Investment Management Co.’s Bill Gross said U.S. employment growth won’t prevent the Federal Reserve from signaling that borrowing rates will remain lower longer than policy makers have already indicated. […]

PIMCO’s El Erian…We Are On The Eve Of The Next Financial Crisis

| September 22, 2011

The world is on the eve of the next financial crisis, with sovereign debt its epicenter, according to Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., manager of the worlds biggest bond fund.  El-Erian ranks as one of the smartest financial guys in the bussiness universe.

New Thoughts From PIMCO’s Mohamed El-Erian – Says Engage In “Constructive Paranoia”

| 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 […]

Geithner Predicts Double-Dip If Congress Fails To Lift Debt Ceiling

| May 14, 2011

Geithner said in a letter dated May 13,2011 to Sen. Michael Bennet, D-Colo…..“A default on Treasury debt could lead to concerns about the solvency of the investment and financial institutions that hold Treasury securities in their portfolios, which could cause a run on money market mutual funds and the broader financial system,” . The Fed is trying […]

El-Erian Of PIMCO (Worlds Largest Bond Fund Manager) Warns QE2 May Backfire, Sees QE3 Coming Soon

| 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 […]

Pimco, Blackrock And New York Fed Said To Seek Bank Of America Mortgage Putbacks

| October 19, 2010

Pacific Investment Management Co., BlackRock Inc. and the Federal Reserve Bank of New York are seeking to force Bank of America Corp. to repurchase soured mortgages packaged into $47 billion of bonds by its Countrywide Financial Corp. unit, people familiar with the matter said. The bondholders wrote a letter to Bank of America and Bank […]

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