CountryBoy
Market Veteran
- Reaction score
- 48
Unemployment has shifted from a lagging indicator to a leading one and is warning government policymakers to confront problems in an economy mired in slow growth, Pimco co-CEO Mohamed El-Erian told CNBC.
"We find it striking that consensus, which used to romance a 'V' (recovery) is now moving toward what we've been calling the new normal, and some people are going right through the new normal and romancing a double-dip and a depression,"
http://www.cnbc.com/id/38125080
"We find it striking that consensus, which used to romance a 'V' (recovery) is now moving toward what we've been calling the new normal, and some people are going right through the new normal and romancing a double-dip and a depression,"
http://www.cnbc.com/id/38125080
