FYI: Russia is considering steeper counter sanctions against the West after the European Union instituted new sanctions against it. This as voters in Scotland go to the polls and vote this Thursday on whether to separate from the United Kingdom. That referendum has sent the British pound plummeting as investors bet on negative implications of an independent Scotland. Many people worry about a contagion if the Scots are successful, with protests breaking out elsewhere in Europe with calls of their own to break away. Meanwhile, despite scary global headlines, the U.S. market is not far from all-time highs. I caught up with one of the most plugged in investors around — Mohamed El-Erian, formerly CEO of bond powerhouse Pimco — to find out how he sees this disconnect. Our interview follows, edited for clarity and length.
Regards,
Ted
http://www.usatoday.com/story/money/business/2014/09/13/bartiromo-mohamed-el-ehrian-scotland-vote-economy-pimco/15507249/
