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Pimco's El-Erian Talks Investing Strategy for 2013

December 18, 2012 | About:
Comments from El-Erian:

- Thinks the long end of the Treasury yield curve will be volatile.

- The short end of the yield curve will be stable because the Fed is influencing it.

- Thinks a deal on the fiscal cliff is important, and the specifics of the deal are also important, obviously.

- Sees sluggish growth at 1.5% to 2% next year if the fiscal cliff is avoided.

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