'Markets Pricing In Global 'Paradigm Change': Pimco's El-Erian

The guts of a secular bear: Pimco's Mohamed El-Erian explained it well on CNBC today:
“We're starting to get people to realize that we're not in a 'V' anymore, (it's) more like a square root”… “We're going to come back off (the bottom) and then we're going to level off at about 2 percent growth….Put it all together and it's an image of the private sector delevering and the government relevering…That is not an ingredient for sustainable growth. That is the ingredient for a multi-year adjustment.”

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5 Responses to 'Markets Pricing In Global 'Paradigm Change': Pimco's El-Erian

  1. Anonymous says:

    Most Wall Street firms and their spokesmen are confident there will be no double-dip, not even a slowing of growth. This week many are even raising their estimates for this year’s S&P 500 earnings. So I guess we need not worry.

  2. Anonymous says:

    I think he's still too optimistic on the US and it seem he kicks Europe another time in the teeth. 2% growth ? Emerging market, a good place to be/invest ? I have a lot of doubts.

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