Pimco’s co-CEO Mohamed El-Erian spoke with CNBC about the European bailout and how PIMCO is preparing for future shocks.
- 0:05 PIMCO goes away once a year to predict what will happen in the next five years, using speakers, new opinions, and debate to establish company direction
- 1:15 “We are living through a different world”
- 1:55 Eurozone bailout is just a temporary fix, this is a long-term solvency issue
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