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Market Currents

Thursday, August 20, 2009
9:59 AM TweetThis
  • The growing divergence in the approaches of central bankers will lead to volatile markets and a weaker dollar, Pimco CEO Mohamed El-Erian says. "The question is not whether the dollar will weaken over time, but how it will weaken. The real risk is that you will get a disorderly decline." Presently, dollar is flat.
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This news story has 1 comment:

  •  
    Pimco is good, but they "talk their book" far too often. Where's the disclosure...."we own a ton of US denominated debt, we can't hedge it in any meaningful way", so our only way to hedge long term values is to talk about pending inflation doom constantly".
    Aug 20 10:52 AM | Link | Reply
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