Pimco El Erian comments on the economy
It was clear to us that, despite the very high hurdle that we always apply to such a statement, the world has changed in a manner that is unlikely to be reversed over the next few years. Put another way, markets are recovering from a shock that goes way, way beyond a cyclical flesh wound.
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For the next 3–5 years, we expect a world of muted growth
Last 5 posts by MacroMan
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May 12, 2009 1:54 pm No Comments
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