When the facts change, I change my mind. What do you do? -- John Maynard Keynes
Wednesday, November 16, 2011
PIMCO's Mohamed El-Erian: politicians need to recognize we are in structural changes (not cyclical)
Nov. 14 (Bloomberg) -- Pacific Investment Management Co. Co-Chief Investment Officer Bill Gross and Chief Executive Officer Mohamed El-Erian, talk about the European sovereign-debt crisis and its impact on the U.S. economy and the role of Germany in resolving the turmoil. Speaking with Tom Keene on Bloomberg Television's "Surveillance Midday," they also discuss Treasury yields. (Source: Bloomberg)
PIMCO's Mohamed El-Erian said (8:16) politicians need to realize we are in a period of fundamental, structural changes (not cyclical)
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