PIMCO’s Mohamed El-Erian appeared on Bloomberg TV once again to pour cold water on the jobs report.
He’s a regular contributor each day that datapoint comes out, and always puts a damper on positive data.
His latest determinations about today’s positive jobs surprise, in which non-farm payrolls grew by 163K: “This is a muddling number.” And while suggesting that the Federal Reserve could move towards action at its next meeting, he argued, “The Fed does not have the tools to address the problems.”
More interesting, however, is the fact that El-Erian appears to aware the exact same suit every time he gives this spiel. Even his tie is the same!
Photo: Bloomberg TV
Now look at his appearance this month: