Tags: El-Erian | Emerging-Market | Volatility | Debt

El-Erian Sees Emerging-Market Volatility on US Debt Impasse

Thursday, 10 Oct 2013 06:35 PM

Pacific Investment Management Co. Chief Executive Officer Mohamed El-Erian said developing nations will remain volatile because of U.S. political turmoil.

“Emerging markets aren’t back to the old days,” El-Erian, also co-chief investment officer of the Newport Beach, California-based firm, said Thursday at the 2013 Bretton Woods Committee International Council Meeting in Washington.

“When you have the supplier of the global reserve currency, the deepest, most predictive for financial markets, being subject to the sort of political issues they are subject to today, you will impart that instability.”

© Copyright 2017 Bloomberg News. All rights reserved.

 
1Like our page
2Share
StreetTalk
Pimco Chief Executive Officer Mohamed El-Erian said developing nations will remain volatile because of U.S. political turmoil.
El-Erian,Emerging-Market,Volatility,Debt
87
2013-35-10
Thursday, 10 Oct 2013 06:35 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved