(Note: This article also appears at econintersect.com) This week both the Bank of Japan and the Federal Reserve will be meeting to chart the future course of interest rates! In the U.S. where prior to the recent small interest rate hike ZIRP or zero interest rate policy had been in place, speculation over whether the Fed will raise or stand […]
Now that it appears that the Greek people have voted NO to the bailout terms of its creditors, what happens next? These are the initial thoughts of Mohamed El-Erian of Allianz (formerly from Pimco) that he posted on Facebook. Update on the Greek ReferendumFYI, here’s a quick “Greferendum” update. More to follow.1. Exit polls out of […]
Money, power, prestige and all of the other trappings of a successful career in business are all well and good, but are they worth it at the expense of family? Mohamed El-Erian, formerly one of the two faces of investing giant PIMCO (the other face Bill Gross left the firm yesterday), learned this lesson concerning […]
