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PIMCO's El-Erian Discusses US Growth Outlook, Housing and Reforms Needed to Drive Growth

October 18, 2012 | About:
Dheeraj Grover

Dheeraj Grover

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PIMCO's CEO and Co-CIO Mohamed El-Erian was on Bloomberg to discuss his views on U.S. growth outlook and the housing market. He also shared his views on Europe, Vikram Pandit's resignation, U.S. banks and U.S. presidential election.

-- Housing continues to form a good bottom.

-- All indicators including housing, retail sales, consumer sentiment and jobless claims point to U.S. economy as a whole continuing to heal.

-- This will continue until and unless our politicians do not make necessary decisions and hurt it.

-- They can help by passing on reforms.

-- U.S. banks have done a good job dealing with legacy issues (reduced bad debt, increased capital, etc.).

-- Banking of tomorrow is much lower ROE activity.

Credit and source: www.bloomberg.com, Bloomberg

Here is the video:



About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

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