Pimco’s El-Erian on the “terrifying” economic outlook

When the commentators start talking about “terrifying” economic outlooks, we know we are making some important progress to the downside.  Not there yet, but markets are moving in the right direction in the price discovery process.  Good recap on the political and economic risks facing the global economy with Mohamed El-Erian, chief executive officer and co-chief investment officer at Pacific Investment Management Co.  Watch the Bloomberg clip here.