1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Articles (4624) 

Pimco's El-Erian Thinks American Politicians Are Like a Divorcing Couple Fighting over a Pillow Case

January 17, 2013 | About:

Pimco's El-Erian was on CNBC discussing the debt ceiling. I love that they note that CNBC doesn't yet have the usual "ticking clock" countdown positioned at the bottom of their screen to create some drama about the looming deadline.

El-Erian thinks that in dealing with the debt ceiling we can again expect that the politicians are going to get noisy, and they will again reach a "kick the can down the road" deal.

He wants politicians to step back, realize that what they are trying to accomplish is economic growth and stop the petty squabbling.

Today he thinks that there is good news in that corporate balance sheets and the housing markets have healed. The bad news is how complicated politics globally are making economic prosperity.

About the author:


Rating: 0.0/5 (0 votes)


Please leave your comment:

Performances of the stocks mentioned by CanadianValue

User Generated Screeners

FranktheTankKramer XGrowth
FranktheTankH Kramer
HOLKLSUTest First Trade Late Stage
pbarker46Cdn E&P
glenh967Small Cap investing universe
flaabValue Screener
soho_analogusd project2018
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat