One thing I’ve learned about the PIMCO folks is that they understand the big picture. They are able to spot emerging economic trends to predict where the world is headed. Often, people get caught up by the individual pixels that they fail to see the complete image. You don’t need to know how many shades of gray exist in the Mona Lisa to recognize that you’re looking at the Mona Lisa.
Enough from me…Mohamed El-Erian (Chief Executive of PIMCO) published an Op-Ed in the Times on the major shifts occurring in the world right now:
“Today, we should all be paying attention to a new theme: the simultaneous and significant deterioration in the public finances of many advanced economies. At present this is being viewed primarily – and excessively – through the narrow prism of Greece. Down the road, it will be recognised for what it is: a significant regime shift in advanced economies with consequential and long-lasting effects. To stay ahead of the process, we should keep the following six points in mind.”
Source: Financial Times
