El-Erian, Zerohedge Weigh In On Income Distribution

In a recent article, I pointed out that the election year cycle "rich-versus-poor" fight is being ramped up by the media in an effort to get people thinking once again in terms of "us-versus-them," "left-versus-right," etc, etc. PIMCO's El-Erian had this to say about income inequality: "The Federal Reserve and other central banks may have [...]

By |2012-04-16T11:16:43-04:00April 16th, 2012|Economy, Featured Categories|0 Comments

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 [...]

By |2011-05-17T18:07:08-04:00May 17th, 2011|Economy|0 Comments

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