El-Erian : Repairing the Global Plumbing

Mohamed El-Erian Pimco CEO/co-CIO. gives his analysis regarding the debt crisis in Europe as finance ministers meet today to create a plan to fix the debt crisis in Europe "...We are seeing the impact of the injection of liquidity by the ECB, the ltro world. people are starting to realize that's really powerful in terms of both in the liquidity of the banks, against that we are seeing hesitation still in getting an agreement on Greece " says Mohamed El-Erian

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

El-Erian : The Job Market in the US is Grim and Scary

Mohamed El-Erian : It is Grim and Scary Betty , if you look at few months average we are now down to 35 000 that is too low , it is too low for job creation it is too low for regaining confidence , and it is not just the levels that worry us here at PIMCO it is the composition of the unemployment and it is the duration of the unemployment so which ever way you look at it , level composition or duration this is a worrisome report and hopefully it will ring alarm bells in Washington ....

El-Erian : S&P Under Pressure not to Downgrade

Mohamed El-Erian :" the good news is that the deal hopefully lifts spectre, this threat of default that was with us. what we don't know is what the rating agencies and one in particular, s&p will do."
"it matters because contracts are written in different ways. some contracts specific the highest of the rating, others do the lowest of the ratings. it does matter. we need to see if s&p sticks to what it said on july 14th when it put the rating on a negative watch which is a presumption of a town grade. it will down gad because the size of the deal is not large enough and the two stage raises a lot of questions of implementation. only s&p and i suspect they are under pressure not to downgrade."


Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

El-Erian on Greece Outlook & IEA Oil Release

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

Mohamed El-Erian,on QE3

Mohamed El-Erian, Pimco CEO.discussing whether he believes the Fed will give a third round of quantitative easing QE3 "it is not an issue of being positive or negative or pessimistic. it's what will what should happen. that's how you navigate." El-Erian says that there is a low probability of seeing a QE3 happening