El-Erian: End May Be Near For “New Normal”

From The Guru Investor
January 17, 2013 - 12:36pm

When the financial crisis of 2008-09 hit, bond giant PIMCO was quick to say that the U.S. had entered a “New Normal” of slow growth, high unemployment, and debt woes. Now, PIMCO’s Mohamed El-Erian says that we may be nearing the end of the “New Normal”. “We said in 2009: three to five years,” El-Erian tells [...]

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