Monday, January 7, 2013

"Beware the 'central bank put'" (FT)

As the Financial Times puts it: "Mohamed El-Erian asks how far central banks can divorce prices from fundamentals". In this recently published article, PIMCO's Mr. El-Erian basically says the same thing we've been trying to say for a while; except he says it in a much simpler and straight to the point way. Enjoy!

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