Mohamed El-Erian, CEO and co-CIO of Pimco – the world’s largest fixed-income manager, says the new normal for industrial countries is low growth, re-regulation and deleveraging. It certainly appears the case as far as mature economies are concerned and therefore my preference for emerging countries.
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By Prieur du Plessis, on May 26th, 2010 posted in: 
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[…] (video) with Pimco’s El Erian on Europe, the US and investment strategy. http://www.investmentpostcards.com/2010/05/26/el-erian-on-the-global-shake-up/?utm_source=feedburner…Economics This Week’s Data April new home sales surged by 15.8% […]