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Pimco's El-Erian Ponders the Timing of Fed 'Tapering'

August 01, 2013 | About:

The great Peter Lynch once said the following about spending time on macro forecasting:

"If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes."

Pimco's El-Erian seemingly spends all of his time on such issues.

I tend to think that Lynch is the man we should listen to, although going blindly into the 2008 market collapse would not have been optimal.

Today El-Erian considers likely Fed action in light of recent strong economic numbers.



About the author:

Canadian Value
http://valueinvestorcanada.blogspot.com/

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