Mohamed El-Erian warns about a day of reckoning: ""Either we validate the financial asset prices and growth faster, or alternatively we will slip into a global recession with financial disorder," El-Erian told CNBC's "Squawk Box." He put a timetable of about three years on the outcome.
"The path we're on right now — and that we've been on for a while— is ending," the former Pimco co-CEO said, advocating central banks step back and allow economies to determine their own futures."
'via Blog this'
No comments:
Post a Comment