PIMCO’s El-Erian spells it out

  • Says the Fed is the stock market’s “best friend”
  • The Fed can’t “exit this regime for a very long time”

So that means for Dr. Aghi of the ECB to reduce interest rate to 0.50% or unemployment will go even higher than this.

Germans can look forward to a higher DAX, more bailouts and a slow down in the economy.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s