Juggling Dynamite

And now for some news from the consumer led economy. Here is a direct link.

Financial Regulations Law implementation hearings February 14, 2013. Here is a direct link

“In terms of equity markets, El-Erian says investors are split into two camps. One camp believes that everything will go higher and central banks will succeed in their efforts. The other camp believes asset prices are going to come down to meet the fundamentals.

El-Erian puts himself in the second camp.

“We think that prices are artificially high, that maintaining them here is going to be hard as central banks become less effective, and that it’s time to book some profits and to wait for some better entry points,” he explains.”

Here is a direct link.

(I do wish that new host Lauren didn’t talk like such a dingbat in these clips, but if you can get past that, El-Erian’s comments here are worthwhile.)