Mahamed El-Erian is the well-regarded CEO of PIMCO, which manages investments for client accounts and is one of the world’s largest bond investors. In a tweet not long ago, El-Erian posted his outlook for our economy:
This outlook puts us squarely on the European track, as I noted long ago in U.S. Hits Highest Unemployment Rate Since … Europe.
The difference between this recession and prior recessions is that the Obama administration policies are turning what could and should have been a temporary rise in unemployment into a permanent feature of our economic system.
——————————————–
Follow me on Twitter and Facebook
DONATE
Donations tax deductible
to the full extent allowed by law.
Comments
That tweet sums up the plot for Atlas Shrugs. It's time to either fight, and vote out the scum….or go Galt.