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 […]

Copyright © 2021 The Stated Truth