Bernanke Diverging With King Means El-Erian Sees Dollar Decline
The danger is that such a disjointed approach will lead to volatile financial markets, a damaging drop of the dollar and slower global growth, Mohamed El-Erian, chief executive officer of Newport Beach, California-based Pacific Investment Management Co., said in an interview.
“The question is not whether the dollar will weaken over time, but how it will weaken,” said El-Erian, a former deputy director of the International Monetary Fund whose firm runs the world’s largest bond fund. “The real risk is that you will get a disorderly decline.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=av_._ayG1vEU
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Academic, Currency, Strategy/Allocation | MacroMan | 
August 20, 2009 9:39 am
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