Monday, April 25, 2016

PIMCO’s Former CEO Mohamed El-Erian* 
On The ‘Delusion Of Liquidity’
El-Erian is warning that the central banks’ unprecedented moves in recent years to keep the world economy stable through aggressively accommodative policies have numbed the markets to experiencing true risk & so there is a “delusion of liquidity.” In his new book, The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse,he says global leaders missed an opportunity to rebuild the world’s financial systems to make it more resistant to future financial meltdowns .. the future therefore will be more volatile & unstable.
LINK HERE to the article

No comments: