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View Full Version : Pimco's El-Erian Says 'New Normal' Means Muted Growth - Bloomberg



NewsWhore
05-12-2009, 12:10 PM
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Pimco&#39;s El-Erian Says &#39;New Normal&#39; Means Muted Growth (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DabR5NmnjbwCQ%26refer%3Dhome&cid=1350132792&ei=cpMJSvyBEIWE7AP5haSkBw&usg=AFQjCNE9ry_XkSDoYhCrvhqwa26S1kgubw)
Bloomberg
The US dollar may fall out of favor as the world&#39;s reserve currency, leading to a greater &#39;inflationary bias&#39; in the US, El-Erian wrote. China today moved to allow non-deposit taking foreign institutions to offer loans to its 1.3 billion citizens. ...


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