Sunday, January 17, 2010

Football blues

The Cowboys let me down for the 13th straight year, so I might be even more bitter than normal over the next couple of weeks.

Pimco's got a good feel for the state of the economy given their reach and scope of their investments. On Friday Pimco's Mohamed El-Erian said financial markets have failed to price in the remaining problems in the economy.

“You come to the conclusion that the market simply hasn’t priced in the reality of what we talk about every single day,” said El-Erian, who helps run the world’s largest bond fund.

“What you’re getting is a recovery phase, a healing phase that was artificially created.”

A lasting recovery will only be built on real growth and not that which is stimulated by government, he said.


1 comment:

Anonymous said...

Might want to hop on that RAM bandwagon :)