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Mohamed El-Erian

Pimco's El -Erian : 50-50 Chance Of Real U.S. Growth

The chances that the U.S. will achieve genuine growth right now are 50-50, Mohammad El-Erian, chief executive of Pimco, said Monday. Speaking at the Milken Global Conference here, El-Erian said the key is that the Fed eventually needs to let markets work on their own without government assistance. Further, concerns remain that resources are being misallocated and that there are market bubbles forming, he said. "The excitement in the marketplace is being accompanied by anxiety," El-Erian said.Copyright © 2013 MarketWatch, Inc....

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  1. Gold and Silver Start June With a BANG

    On Friday, gold ( NYSEARCA:GLD ) futures for August delivery spiked $57.90 to settle at $1,622.10 per ounce, while silver ( NYSEARCA:SLV ) futures gained 76 cents to...

  2. PIMCO's Gross Warns of Economic 'Breaking Point'

    The debt crisis and central bank policy responses have degraded the quality and value of debt markets and signal a "potential breaking point" in the global economy, ...

  3. Pimco Continues To Buy, Hold Italy, Spain Government Debt - Report

    Pimco is no longer buying Greek and Portuguese bonds but is buying and holding Italian and Spanish sovereign debt, Chief Executive Mohamed El-Erian tells German week...

  4. Instant view: Federal Reserve ramps up stimulus

    NEW YORK (Reuters) - The Federal Reserve on Wednesday dialed up its aid to the beleaguered U.S. economy, launching an effort to put more downward pressure on long-te...

  5. Allianz separates PIMCO in asset management revamp

    FRANKFURT (Reuters) - German insurer Allianz <ALVG.DE> has separated Pacific Investment Management (PIMCO) from its other asset management business to prepare it for...

  6. Debt Deal Doesn't Lift Threat of Credit Downgrade

    An eleventh-hour deal to raise the U.S. debt ceiling may have postponed an embarrassing default by the U.S. government, but it does little to remove the threat of an...

  7. S&P, Moody's Await Debt Plan Details

    The U.S. avoided a fiscal crisis with an eleventh hour debt ceiling deal, and the markets are recovering from its fainting spell that the U.S. might default for the ...

  8. Words You Wouldn't Expect From a Goldman Guy

    Rob Kaplan was 48 years old when he decided to retire as vice chairman of Goldman Sachs Group Inc. (NYSE:GS).The year was 2006, a mortgage-fueled U.S. economy revved...

  9. Analysis: Markets to hold U.S. feet to fire as default threatens

    By Steven C. Johnson and Richard LeongNEW YORK (Reuters) - Global financial markets have been more than patient throughout this summer's struggle over raising the U....

  10. Boehner Breaks Off U.S. Debt Limit Talks With Obama

    U.S. House Speaker John Boehner broke off talks with President Barack Obama on Friday on a deficit-reduction deal to prevent a devastating default, derailing efforts...

  11. Pimco's El -Erian gives "low probability" of QE3

    NEW YORK (Reuters) - Mohamed El-Erian, co-chief investment officer of Pimco, on Thursday put low odds on a third round of U.S. monetary stimulus unless there is a "m...

  12. Greece restructuring inevitable: PIMCO's El -Erian

    WASHINGTON (Reuters) - Greece's sovereign debt restructuring is inevitable, PIMCO co-chief investment officer Mohamed El-Erian said on Sunday, warning the nation's p...

  1. Gold slide flashes warning signs for global economy

    The plunge in the gold price in the past week may have raised a big red flag over the global economy.Some top investors say the gold sell-off, and the broader declin...

  2. Instant View: U.S. March nonfarm payrolls rose by 88,000

    American employers hired at the slowest pace in nine months in March, a sign that Washington's austerity drive could be stealing momentum from the economy.The econom...

  3. Investors wary of "slow panic" on growth after Cyprus rescue

    World markets have reacted calmly to the twists and turns of Cyprus's financial rescue in the last fortnight but many investors fear the economic fallout is yet to c...

  4. PIMCO sees opportunity in European commercial property

    The head of PIMCO's mortgage credit portfolio management team said the firm is targeting direct commercial real estate investments and non-securitized loans, which c...

  5. Ex-PIMCO executive sues firm, says was fired for reporting misdeeds

    A former junk bond portfolio manager at PIMCO, the $2 trillion money management firm, claimed he was fired last year in retaliation for reporting financial misconduc...

  6. Is Main Street Smiling With Ben Bernanke?

    Considering the strong start to the year for equities, Ben Bernanke's smile must be getting as big as the Federal Reserve's balance sheet. The Fed Chairman is on rec...

  7. Egypt ETF Soars on U.S. Debt Deal

    Shares of the Market Vectors Egypt ETF (NYSE:EGPT), the lone ETF devoted exclusively to the North African nation, surged nearly two percent today on volume more than...

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