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Pragmatic Capitalism

Practical Views on Money, Finance & Life

EL-ERIAN: DON’T DEPEND ON THE FED

More and more investors are coming around to the opinion that the Fed is largely powerless in times of a balance sheet recession.  In an interview this morning Mohamed El-Erian of PIMCO discusses the dangers of deflation and the remaining options for the Fed and the government.  Unfortunately, I think El-Erian is even too optimistic about this Federal Reserve.  Mr. Bernanke has been wrong about this crisis since before its inception and has misunderstood it at every twist and turn.  Why anyone would turn to him for assistance now is simply mind boggling:

Source: CNBC

Cullen Roche

Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC.Orcam is a financial services firm offering asset management, private advisory, institutional consulting and educational services.He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance and Understanding the Modern Monetary System.
Cullen Roche

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