Pimco’s El-Erian Ecries ‘Privatization Of Massive Gains And Socialization Of Enormous Losses’

| October 12, 2010

Words of a wise man,  pay attention everyone!   By Bloomberg News October 12, 2010 Advanced economies risk a lost decade unless policy makers recognize the severity of the wounds left by the financial crisis, said Mohamed El-Erian, chief executive officer of Pacific Investment Management Co. El-Erian, who popularized the phrase new normal to describe how […]

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