Wednesday, July 29, 2009
Pimco's Mohamed El-Erian talks to CNBC's Joe Kernen about the prospects for the stock market rally that sprung back to life a few weeks ago.
Bill Gross also has a new commentary out today that might be of some interest:
Reflating nominal GDP by inflating asset prices is the fundamental, yet infrequently acknowledged, goal of policymakers. If they can do that, then employment and economic stability may ultimately follow.