“Collateral Damage & Unintended Consequences” Pimco’s Mohamed El-Erian is to today’s financial establishment what Walter Cronkite was to the American mainstream, a generation (or two) ago: an unofficial spokesman whose views distill and encapsulate the broad consensus. So, his dispatches these days — including his latest, ‘Central Banks’ “Responsible Irresponsibility?”‘ — automatically command attention. Half-Time at The Crash of...Read More
Mohamed El-Erian Sizes Up 2012 Mohamed El-Erian, the CEO of bond giant Pimco, has written many fine, insightful articles on today’s vexing capital markets. His piece in today’s Wall Street Journal isn’t one of them. See if you can figure out what the following means: Navigating [today’s unpredictable markets] requires investors to rely less on historical short cuts...Read More
