Salient to Investors:
Mohamed El-Erian at Pimco said:
- The global economy will expand 2.75 percent to 3.25 percent in 2014.
- The big question is less the next 12 months and more what comes after, given we are being sustained by experimental, untested policies. The US and Japan have outperformed other markets because of Fed stimulus programs.
- The Fed will begin tapering in the next 6 to 12 months because continuing QE involves costs and risks.
- The Fed will keep interest rates at zero and become more aggressive with guiding the markets on its moves.
Read the full article at http://www.bloomberg.com/news/2013-11-26/pimco-s-el-erian-sees-global-growth-at-about-3-in-2014.html
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