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Pimco’s El-Erian on U.S. economic headwinds
Housing, credit, public finances, and the labor areas of the economy are currently impaired and until the country gets over those structural impairments, economic growth will be tough for a while, says Mohamed El-Erian, Pimco CEO/Co-CIO, who also mentions that Washington needs a growth strategy in order to get over these headwinds. Source: CNBC, June 9, 2011. More on this topic (What's this?) Market Update May 9, 2011 (Dividend Stocks, 5/9/11) Pimco’s Bill Gross Drops U.S. Treasuries Like a Bad Habit (Investment U, 3/17/11) Money Morning's Fitz-Gerald On PIMCO Bond Sell-Off and Stock Market Drop (Money Morning, 3/10/11)  Leave a Reply |
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By Prieur du Plessis, on June 14th, 2011 posted in: 
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