Mohamed El-Erian : " what it seems Betty is that government are getting sucked in more and more into markets so phase one in the first quarter of 08 and 09 was about governments normalizing markets phase 2 , 2010 august when chairman Bernanke started talking about QE2 was about governments trying to push up valuations in order to make us all feel wealthier and get us to spend more but they end up both getting good and bad inflation so phase 3 and today is an example of that is government coming in and trying to distinguish between good and bad inflation the problem with all this is that markets get very nervous " Mohamed El-Erian is chief executive officer of Pacific Investment Management Co.,He joined PIMCO in 1999 and then rejoined PIMCO in 2007 , From 05-07 El-Erian was President & CEO of Harvard Mgmnt CO. . He is author of best seller "When Markets Collide" He talks about Greece's debt crisis. El-Erian, speaking with Betty Liu, Michael McKee and Jon Erlichman on Bloomberg Television's "In the Loop," also discusses the release of emergency oil stockpiles and the U.S. economy
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