Here’s another interview with Mohamed El-Erian on CNBC. Most of it is a restatement of his thoughts from his previous interview which I posted a few days ago… nevertheless, I felt it’s still worth posting. Basically, El-Erian is saying the markets are on a sugar high and it’s unsustainable. I agree with the man. If you take away the first time home buyers credit, cash for clunkers, and the massive quantitative easing by The Fed you’re not left with a pretty picture. Don’t drink the cool-aid.
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El-Erian Says… Don’t Drink The Cool-Aid2 comments to El-Erian Says… Don’t Drink The Cool-Aid |
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Don’t drink the Kool Aid indeed! Steve, you should check out this guys background. Dad was former Ambassador to somewhere, and Mohamed basically grew up with a silver spoon in his mouth.
Thanks for adding my site on your blog roll. I’ve done the same!
Best,
RB
Thanks for adding my site RB! As for El-Erian, your right he did grow up with a silver spoon in his mouth. He’s also extremely smart and use to be the investment manager for the Harvard endowment. He’s one of the few people on CNBC I’ll listen to.
-Gen Y Investor