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’Guest post: El-Erian on central bank action
Mohamed El-Erian, chief executive and co-chief investment officer at PIMCO, submits this guest post to FT Alphaville in reaction to this morning’s coordinated announcement.
Risk markets love liquidity injections,
El-Erian: A disappointing G20 communiqué
Mohamed El-Erian, chief executive and co-chief investment officer at PIMCO, responds to the outcome of the G20 Cannes summit.
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With a generally underwhelming communiqué, the G20 has missed an important opportunity to address mounting concerns about the dimming prospects for global growth,
El-Erian: Interpreting Bernanke’s Jackson Hole speech
Mohamed El-Erian, chief executive and co-chief investment officer at PIMCO, responds to the Federal Reserve chairman’s speech at the Jackson Hole conference.
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Chairman Bernanke’s Jackson Hole speech,
El-Erian: What to make of the Franco-German Summit
Mohamed El-Erian, chief executive and co-chief investment officer at PIMCO, briefly responds to Tuesday’s news out of Paris.
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Judging from the press conference, France has now aligned itself with a Germany that is increasingly,
El-Erian: On governments as portfolio managers
From the ranks of FT Alphaville’s own AAA-list comes Mohamed El-Erian with a post about the three phases of governments’ involvement in global markets since the crisis.
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Understandably,
Après Strauss-Kahn [Updated]…
No, you could not make it up, as FT Alphaville previously noted.
News of the weekend arrest of IMF managing director Dominique Strauss-Kahn gave blogs and news media organisations an eventful Sunday night as more information emerged about the circumstances allegedly leading to Strauss-Kahn’s arrest.
El-Erian: Implications for global markets of Bin Laden’s death
Mohamed El-Erian, chief executive and co-chief investment officer at investment fund PIMCO responds to Sunday’s news that Osama bin Laden, was killed near the Pakistani capital of Islamabad following a “targeted operation” by US forces.
An Egyptian diaspora bond?
Remittances are a fascinating and oft neglected slither of global capital markets.
Flows are inherently difficult to measure but the World Bank estimates ‘developing’ countries received in excess of $300bn in 2009 and 2010 — around three times more than official aid flows.
El-Erian: What did Bernanke tell us this morning?
Mohamed El-Erian, chief executive and co-chief investment officer at PIMCO, argues that Federal Reserve chairman Ben Bernanke’s latest speech has strengthened the case for QE2 – but also highlighted its costs .
Overheard in the Long Room
The members of FT Alphaville’s private forum, the Long Room, enjoy (and regularly engage in) spirited debate. Here’s a selection of what’s been said and posted just recently:
- There’s a history lesson on the limitations of monetary policy.
El Erian: The Fed, as expected…
Mohamed El-Erian, chief executive and co-chief investment officer at PIMCO, examines the Fed’s central message in Tuesday’s FOMC statement and notes the next few days in the markets will reveal more about its impact.
Guest post: El-Erian on an interesting week ahead
Mohamed El-Erian, chief executive and co-chief investment officer at PIMCO, argues that this week will show Europe’s debt crisis and the global configuration of currencies returning to the fore.
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This coming week will be an interesting one.
El-Erian: How to read Bernanke’s Jackson Hole Speech
Mohamed El-Erian, chief executive and co-chief investment officer at PIMCO, reacts to Fed chairman Ben Bernanke’s Jackson Hole speech.
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In his eagerly anticipated speech at Jackson Hole,
Further from El-Erian on Bernanke and sliding stock markets
With Fed chairman Ben Bernanke on Capitol Hill presenting his semi-annual monetary policy report to Congress, stock markets are under notable pressure.
Bernanke’s full written testimony is now available.
El-Erian: What to expect from Bernanke’s report to congress
Mohamed El-Erian, chief executive and co-chief investment officer at PIMCO, discusses the options facing the Federal Reserve as chairman Bernanke prepares to address Congress.
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Over the next two days,
Guest post: El-Erian on the need to listen carefully to what the G-20 is saying
Pimco’s chief executive and co-chief investment officer Mohamed El-Erian reacts to this weekend’s news out of Busan, South Korea.
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Count me among those that believe that the G-20 is one of the better approaches to global governance in a world that desperately needs improved international policy coordination.
Guest post: El-Erian on a critical weekend for Europe and the economy
This is a critical weekend for Europe (and the global economy), with governments shifting to a “whatever it takes” mode as they scramble to regain control of the situation, Pimco’s chief executive Mohamed El-Erian writes for FT Alphaville.
Guest post: Mohamed El-Erian on the worsening Greek problem
The impact of the Greek debt debacle is being felt in other markets today, Pimco’s chief executive Mohamed El-Erian writes for FT Alphaville.
European equity markets are under pressure, risk spreads on other European peripheral countries are widening (particularly Italy,
Guest post: Mohamed El-Erian – Bernanke’s four point ‘to-do’ list
Pimco’s chief executive comments on Ben Bernanke’s reappointment for a second term at Chairman of the Federal Reserve.
President Obama’s announcement reappointing Fed Chairman Bernanke for a second four-year term does,
Guest post: Mohamed El-Erian on Bernanke’s bold prose
From Pimco’s chief executive…
While it may not rank quite as high as his appearance on the US news show ’60 Minutes’ a few months ago, Chairman Bernanke’s Op Ed in today’s Wall Street Journal is nevertheless notable and important.
Guest post: Mohamed El-Erian – “The crisis is morphing again”
Pimco’s chief executive comments on the suggestion from US presidential adviser Laura Tyson that America should consider drafting a second stimulus package, since the $787bn plan agreed in February is proving “a bit too small.”
El-Erian: Bernanke and the “new normal”
Pimco’s Mohamed El-Erian kindly provided FT.com with a snap commentary on Ben Bernanke’s congressional testimony on Wednesday.
Extract:
The bottom line is that we should come away from Mr Bernanke’s testimony with at least two conclusions:
Guest post: Mohamed El-Erian on the bumpy journey to a ‘new normal’
For a while now, US economic policymakers have been dealing with the challenge of driving a car with a sputtering engine up a hill, says El-Erian, chief executive of Pimco and author of ‘When Markets Collide:
Advice from El-Erian: ‘Stay on the sideslines’
Interviewing Mohamed El-Erian after the PIMCO man picked up the FT/Goldman Business Book of the Year Award for When Markets Collide, John Gapper asks: “If you were not sending the £30k prize money to charity,
In praise of… Pimco
Back from managing the Harvard Endowment, Mohamed El-Erian is to be the new CEO of bond giant Pimco.
Stepping out: Bill Thompson, to retire at the end of the year. All announced in a press release from Pimco yesterday.
El-Erian: What the Fed must do…
Imploding balance sheets, bank runs, currency plunges and emergency policy responses (including on a Sunday evening): it’s déjà vu – well, sort of – for those who remember previous emerging market crises,
Sovereign wealth watch
An oh-so-rare glimmer of sense and moderation amongst the SWF hysteria. Mohamed El-Erian, co-head of Pimco has said that fears about the funds’ investments in western companies is “overblown.”
He makes the point that the funds have been putting their money to work where we all most need it,
El-Erian: saving the central banks from impotency
It’s a potential lose-lose: the risk of fuelling future inflation in order to avoid a recession induced by a market driven credit crunch, or maintaining low inflationary expectations at the risk of both depressed economic growth and serious financial market dislocations?
But as Ben Bernanke heads to Capitol Hill on Thursday that is the challenge facing him,
What drove El-Erian’s return to Pimco?
When Mohamed El-Erian announced this month that he was leaving as manager of Harvard’s endowment fund to return to Pimco, his former employer, he stunned Wall Street and the money management world. In Thursday’s FT,