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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Why Mohamed El-Erian Left Pimco

Companies / Corporate News Apr 23, 2014 - 03:24 PM GMT

By: Bloomberg

Companies

In his first interview since leaving PIMCO, Dr. Mohammed Aly El-Erian told Bloomberg's Betty Liu this morning that he is very surprised by the media attention he received around his departure and the reason he left was "to interact with others," to "step back", "to do something different," spend more time with his daughter and travel less.


The Bloomberg View columnist said of his former partner Bill Gross, "I have had the privilege of watching him in action and he is a great investor...He is part of a talent pool, and enormous bench at PIMCO." But El-Erian would not comment on the state of current relationship with Gross by saying "I will not comment on my private interactions."

Dr. El-Erian also said:

  • He would rather observe than emulate Neel Kashkari
  • He reaffirmed new normal; specular stagnation thesis
  • Debt overhand is discouraging new investment
  • Yellen recognizes consequence of monetary policy more
  • U.S. economy is healing
  • Fed won't raise rates 'for a while'
  • Chinese economy won't grow at 9-percent again
  • He 'may well' invest in Scott Saunders' start-up
  • He discovered Twitter's incredible ecosystem
  • Planned book is about Central Banks role
  • He is staying miles away from politics

Here's Why Mohamed El-Erian Left Pimco

Courtesy of Bloomberg Surveillance

El-Erian: Gross is One of the World's Best Investors

Courtesy of Bloomberg Surveillance

Full transcript available upon request

bloomberg.com

Copyright © 2014 Bloomberg - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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