Pimco's El-Erian finds it "terrifying" there is a discussion about recession with unemployment...

|By:, SA News Editor

Pimco's El-Erian finds it "terrifying" there is a discussion about recession with unemployment already high, 25% of homeowners underwater, government deficits of 9% of GDP, and interest rates at zero. "The big concern is ... being tipped over by Europe ... things are getting worse, not better."