The video interview of El-Erian by Lauren Lyster after the jump.
El-Erian does bring up some good points in this video, not only about equity markets, but more so about currencies, the race to the bottom, and central bank policy. An excerpt.....
One constant question in the currency war debate is this: is concern over a new round of currency wars merited?
Or are central banks carrying out policy in-line with their mandates, as unconventional as those policies may be (an argument the former chairman of the Swiss National Bank made in the Financial Times)?
Mohamed El-Erian, CEO and co-CIO of PIMCO, which runs the largest bond fund in the world, tells The Daily Ticker it’s both.
“It’s important to understand that,” he says, “because that means it’s not going away, it’s going to get worse.”
El-Erian does bring up some good points in this video, not only about equity markets, but more so about currencies, the race to the bottom, and central bank policy. An excerpt.....
One constant question in the currency war debate is this: is concern over a new round of currency wars merited?
Or are central banks carrying out policy in-line with their mandates, as unconventional as those policies may be (an argument the former chairman of the Swiss National Bank made in the Financial Times)?
Mohamed El-Erian, CEO and co-CIO of PIMCO, which runs the largest bond fund in the world, tells The Daily Ticker it’s both.
“It’s important to understand that,” he says, “because that means it’s not going away, it’s going to get worse.”
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