“El-Erian (former CEO of PIMCO Investments) is making a valuation call. Due to ongoing central bank interventions globally, asset prices and valuations have been inflated to levels that historically proven to provide very low or negative forward returns on invested capital.”, Lance Roberts, Streettalk Live, April 8, 2015

Apr 16

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The Misunderstanding Of El-Erian’s Cash Position

Posted on April 16, 2015, in Postings. Bookmark the permalink. Leave a comment.

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