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domingo, 5 de agosto de 2012

Pimco’s El-Erian Says World in Serious Slowdown

Pimco’s El-Erian Says World in Serious Slowdown: Pacific Investment Management Co.’s Mohamed El-Erian called the recent declines in purchasing manager indexes in Europe and Asia “frightening” and said the world economy is suffering its severest slowdown since the global recession ended in 2009, reports Bloomberg.

“This is a serious, synchronized slowdown,” El-Erian said in an interview today.

El-Erian is correct. He may not know what is