Skip to comments.Investors Position for a Synchronized Global Slowdown: El-Erian
Posted on 06/04/2012 8:21:42 AM PDT by TigerLikesRooster
Investors Position for a Synchronized Global Slowdown: El-Erian
Published: Saturday, 2 Jun 2012 | 12:44 PM ET
By: Mohamed El-Erian
The insufficient job creation, stagnant earnings and alarming long-term unemployment highlighted by Mays disheartening jobs report underscore Americas persistent unemployment crisis. The numbers also speak to a synchronized slowdown that is now taking hold of the global economy a phenomenon that is being signaled by virtually every other data release out of Europe, the U.S. and emerging countries.
The realization of lower global growth, together with increasing financial instability in some parts of the world (particularly Europe), is an important driver of the recent sharp selloff in equities and other risk assets. It has also turbocharged the collapse in yields on higher quality government bonds, with the 10-year U.S. bond at a record close of 1.46% on Friday (and Germany even lower).
To state the blatantly obvious, the best investor positioning for
(Excerpt) Read more at cnbc.com ...
It’s also nice NOT to hear American liberals talk about how wonderful the European systems of free medical, cradle to grave care etc. are - compared to the stingy US ‘care’...