PIMCO's Mohamed El-Erian was on CNNFN to share his views on upcoming fiscal cliff. He said that reaching a deal on the fiscal cliff will be an easy part but the next step of creating tailwinds for the economy will be the difficult part.
-- Fiscal cliff will be resolved in the short term, with politicians reaching consensus somewhere in the middle which will not cause recession but will take a small percentage out of GDP.
-- Need of the hour is to optimize both debt and investments to create tailwinds for the economy to grow.
Source: www.cnnfn.com, CNNFN
Here is the video:
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Dheeraj GroverI 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