El-Erian : Greece has been Sacrificed , this package will fail

Mohamed El-Erian : "absolutely. i would go further and say greece has been sacrificed in order to build that firewall. i think everybody recognizes what you said which is in greece we are sustaining the unsustainable and it comes at a cost and the cost is a society that has to put up with tremendous austerity without seeing a light at the end of the tunnel. that's why this package will fail like the previous package"

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

El-Erian : Repairing the Global Plumbing

Mohamed El-Erian Pimco CEO/co-CIO. gives his analysis regarding the debt crisis in Europe as finance ministers meet today to create a plan to fix the debt crisis in Europe "...We are seeing the impact of the injection of liquidity by the ECB, the ltro world. people are starting to realize that's really powerful in terms of both in the liquidity of the banks, against that we are seeing hesitation still in getting an agreement on Greece " says Mohamed El-Erian

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

El-Erian : The Job Market in the US is Grim and Scary

Mohamed El-Erian : It is Grim and Scary Betty , if you look at few months average we are now down to 35 000 that is too low , it is too low for job creation it is too low for regaining confidence , and it is not just the levels that worry us here at PIMCO it is the composition of the unemployment and it is the duration of the unemployment so which ever way you look at it , level composition or duration this is a worrisome report and hopefully it will ring alarm bells in Washington ....

El-Erian : S&P Under Pressure not to Downgrade

Mohamed El-Erian :" the good news is that the deal hopefully lifts spectre, this threat of default that was with us. what we don't know is what the rating agencies and one in particular, s&p will do."
"it matters because contracts are written in different ways. some contracts specific the highest of the rating, others do the lowest of the ratings. it does matter. we need to see if s&p sticks to what it said on july 14th when it put the rating on a negative watch which is a presumption of a town grade. it will down gad because the size of the deal is not large enough and the two stage raises a lot of questions of implementation. only s&p and i suspect they are under pressure not to downgrade."


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

El-Erian on Greece Outlook & IEA Oil Release

Mohamed El-Erian  :  " what it seems Betty is that government are getting sucked in more and more into markets so phase one in the first quarter of 08 and 09 was about governments normalizing markets phase 2 , 2010 august when chairman Bernanke started talking about QE2 was about governments trying to push up valuations in order to make us all feel wealthier and get us to spend more but they end up both getting good and bad inflation so phase 3 and today is an example of that is government coming in and trying to distinguish between good and bad inflation the problem with all this is that markets get very nervous " Mohamed El-Erian is chief executive officer of Pacific Investment Management Co.,He joined PIMCO in 1999 and then rejoined PIMCO in 2007 , From 05-07 El-Erian was President & CEO of Harvard Mgmnt CO.  . He is author of best seller "When Markets Collide" He talks about Greece's debt crisis. El-Erian, speaking with Betty Liu, Michael McKee and Jon Erlichman on Bloomberg Television's "In the Loop," also discusses the release of emergency oil stockpiles and the U.S. economy

Mohamed El-Erian,on QE3

Mohamed El-Erian, Pimco CEO.discussing whether he believes the Fed will give a third round of quantitative easing QE3 "it is not an issue of being positive or negative or pessimistic. it's what will what should happen. that's how you navigate." El-Erian says that there is a low probability of seeing a QE3 happening

Mohamed El-Erian : The Government will attempt the Financial Repression

PIMCO CEO Mohamed El-Erian on Bloomberg TV : the key issue is that there is still too much debt in the system we have not yet sorted out the debt issue the debt over hang , now like individuals governments can do three things , they can either grow their way out the debt that's unlikely in the US without what we call the spot nick moment which means structural reforms , they can impose austerity they can tighten their belt or they can default , but governments have two other possibilities that individuals do not have they can flee their way out of debt and they can impose what's called FINANCIAL REPRESSION which is very simple it means that the government ends up paying savers less than the way of inflation and slowly overcomes its debt issues by recapitalizing because its paying in negative real return we have seen this happen in the past and I suspect it will be attempted in the next 3 to 5 years .....
Mohamed El-Erian : The Government will attempt the Financial Repression

Mohamed El-Erian on Ireland Crisis and Investment Strategy

Mohamed El-Erian on Ireland Crisis and Investment Strategy


Mohamed El-Erian : (in Ireland) The only people doing their fair share right now in fact I would said they are doing more than their fair share are the tax Payers who are having to go through tremendous austerity and the IMF and the EU that are putting in money , the creditors most of the creditors so far have not gone through any burden sharing ....it is a political decision that has been taken ,it surprises me I do not think you can sustain that political decision ....


Mohamed El-Erian is Pimco's CEO.

Mohamed El-Erian on Libya events and implications on Oil Markets

Pimco's Mohamed El-Erian on Bloomberg Television
Mohamed El-Erian, CEO and co-CIO of Pimco, appeared on Bloomberg Television's "Surveillance Midday" with Tom Keene this afternoon to discuss the unrest in the Middle East.

Mohamed El-Erian, on The Irish Bailout

Nov. 30 2010 | Why the first rule of crisis management has not been met by the Europeans, with Mohamed El-Erian, PIMCO.
Mohamed El-Erian : ...time helps if you can grow your way out of debt , time only helps if you have in place the conditions to grow rapidly and most of the people recognize that in peripheral Europe you do not have these type of conditions so time won't help in this case ...time in this case ends up by contaminating first other peripheral countries and ultimately you may contaminate the core ...time isnot your friend if you are not able to grow out of your problem...

Pimco sees growth disappointing, Ireland key trigger

In an interview to CNBC-TV18, Mohamed El-Erian, CEO and Co-CIO, Pimco said that economic growth looks very disappointing. He sees Ireland to be the key trigger in the short term

El-Erian, Insight on the markets

Airtime: Tues. Oct. 12 2010 | 8:40 AM ET

Insight on the markets, with Mohamed El-Erian, PIMCO.

Mohamed El-Erian, vs Dick Berner

Soft Patch vs. Double Dip

Mohamed El-Erian, CEO of Pimco, and Dick Berner, chief US economist at Morgan Stanley, debate whether we're experiencing an economic soft patch or double dip.

El-Erian of Pimco Discusses Deflation, Fed, U.S. Economy

Aug. 13 (Bloomberg) -- Mohamed El-Erian, chief executive officer and co-chief investment officer at Pacific Investment Management Co., discusses Federal Reserve monetary policy. El-Erian, speaking with Tom Keene and Ken Prewitt on Bloomberg Radio's "Bloomberg Surveillance," also discusses deflation and the outlook for the U.S. economy. (This report is an excerpt of the full interview. Source: Bloomberg) Mohamed El-Erian :"structural problames need structural solutions "

Mohamed El-Erian possibility of deflation and a double-dip recession in America at 25 percent

Mohamed A. El- Erian, chief executive officer at Pacific Investment Management Co., estimated the possibility of deflation and a double-dip recession in America at 25 percent. there was a 25% chance of the US falling into a double-dip recession and deflation."The US is still able to avoid deflation. We do not think that deflation and double-dip is the baseline scenario, but we think it's a risk scenario," Mohamed El-Erian was reported as saying by Reuters.
meanwhile Nobel Prize-winning economist Joseph E. Stiglitz said the U.S. economy faces an “anemic recovery

Mohamed El-Erian the economy continues to lose momentum

Mohamed El-Erian, CEO CO-CIO, PIMCO Interview on Bloomberg TV

July 27 (Bloomberg) -- Mohamed El-Erian, chief executive officer at Pacific Investment Management Co., discusses the outlook for the global economy and financial markets. El-Erian talks with Tom Keene and Ken Prewitt on Bloomberg Radio's "Surveillance." (This report is an excerpt. Source: Bloomberg)
Mohamed EL-ERIAN : "you know the market will always look for return. The market will worry mostly about the return on capital rather than the return of capital. So the minute someone puts out a green light and earnings constituted the green light, you’ll see people rushing back into risk markets, be it the equity market or the high-yield market and the issue, Ken, is will it be sustained? And for that to be sustained, we need continued improvement in data and continued improvement in top-line revenue."
"I think it’s uncertain. The indicators we look at, and I know that there’s disagreement on this, but the indicators that we look at suggest that the economy continues to lose momentum. So we are more worried than some of the other people you’ve had on your show recently."
Mohamed El-Erian interview with Bloomberg LP Jul 27, 2010