Mohamed El-Erian is the CEO of the investment firm PIMCO, the world’s largest bond investor. In an interview, he discusses what might affect the Fed's decision to begin tapering its asset purchases and what impact such a move may have on the global economy.
Five years after the worst crisis since the 1930s, America has devised safeguards and changed the rules of Wall Street. But could the country really avoid another financial collapse?
The United States may be headed for the same belt-tightening austerity that has caused an uproar across Europe. Done right, it could actually work.
Experts warn against policy initiatives with questionable benefits
S&P, one of the three major credit-rating firms, downgraded its rating for US debt Friday night – a move that has the potential to further spook global markets and drive up borrowing costs in the US. The reason for the downgrade, S&P said, was congressional dysfunction.
Bond market uptick in Treasuries doesn't lift outlook for PIMCO's El-Erian. Market is too complacent about rising inflation, he says.