Financial Repression Is Coming To America

And it's not some Tea Party tinfoil hat whacko who thinks so; it's Mohamad El-Erian, co-CEO of PIMCO, the world's largest bond fund, with over $1.3 Trillion under management. "The co-CEO of the world’s largest bond fund has warned America that it faces a combination of higher inflation, austerity and financial repression over the coming [...]