cabanker

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.

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".