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"The best investments can be found in industries with superior growth, both near-term cyclical growth as well as long-term secular growth, and are in industries with pricing power, he noted."
Markets’ Rose-Tinted World Commentary from MOHAMED A. EL-ERIAN PLENTY of UNCERTAINTY
"This is a rather weighty list of questions. Yet financial-market participants have largely bypassed them, brushing aside today’s major risks and ignoring the potential volatility that they imply. Instead, financial investors have trusted in the steadfast support of central banks, confident that the monetary authorities will eventually succeed in transforming policy-induced growth into genuine growth. And, of course, they have benefited considerably from the deployment of corporate cash. In the next few months, the buoyant optimism pervading financial markets may prove to be justified. Unfortunately, it is more likely that investors’ outlook is excessively rosy".
Also: Policy: Economy New HUD chief: Mortgage credit too tight By Joseph Lawler | September 16, 2014 | 4:55 pm
"A few years ago, bad loans and risky secondary market products prompted a housing crisis. There was plenty of blame to go around. Some believe it was too easy to get a home loan. Today it’s too hard," Castro said at a housing event hosted by the Bipartisan Policy Center Tuesday. "The pendulum has swung too far in the other direction," Castro added. http://washingtonexaminer.com/new-hud-chief-mortgage-credit-too-tight/article/2553496?custom_click=rss
Sorry to digress, but can someone please tell what the claim to fame is for El Erian. So he presided over a golden (sic) period for the Harvard Endowment in a bull market. Big Deal.
What else? He got anointed king and we all listen to him? Now he is out of PIMCO, but we will still listen to him? Someone please tell me why.
Comments
PLENTY of UNCERTAINTY
"This is a rather weighty list of questions. Yet financial-market participants have largely bypassed them, brushing aside today’s major risks and ignoring the potential volatility that they imply. Instead, financial investors have trusted in the steadfast support of central banks, confident that the monetary authorities will eventually succeed in transforming policy-induced growth into genuine growth. And, of course, they have benefited considerably from the deployment of corporate cash.
In the next few months, the buoyant optimism pervading financial markets may prove to be justified. Unfortunately, it is more likely that investors’ outlook is excessively rosy".
Read more at http://www.project-syndicate.org/commentary/mohamed-a--el-erian-asks-why-investors-are-overlooking-six-major-sources-of-global-uncertainty#qor2xgIp358RJKSw.99
Also:
Policy: Economy
New HUD chief: Mortgage credit too tight
By Joseph Lawler | September 16, 2014 | 4:55 pm
"A few years ago, bad loans and risky secondary market products prompted a housing crisis. There was plenty of blame to go around. Some believe it was too easy to get a home loan. Today it’s too hard," Castro said at a housing event hosted by the Bipartisan Policy Center Tuesday. "The pendulum has swung too far in the other direction," Castro added.
http://washingtonexaminer.com/new-hud-chief-mortgage-credit-too-tight/article/2553496?custom_click=rss
What else? He got anointed king and we all listen to him? Now he is out of PIMCO, but we will still listen to him? Someone please tell me why.