July 18, 2008 2:35PM

Pimco’s El-Erian Sees More Pain Ahead

By Brian Sullivan

Pimco’s Co-CEO and Co-CIO Mohammed El-Erian sees more economic trouble for America. He thinks the banking crisis will continue to morph into a consumer crisis and give us a few more quarters or years of economic trouble. He does believe though that there is some value in housing related debt, and indeed Pimco has been buyers of Fannie Mae and Freddie Mac debt.

If you missed this First on Fox interview, check it out:

http://www.foxbusiness.com/story/markets/economy/pimco-executive-el-erian-sees-pain-economy/

One Response to “Pimco’s El-Erian Sees More Pain Ahead”

Comment by Jonathan

July 20th, 2008 at 3:39 am

Hey Brian, I saw this interview and i think much of what he said could be correct. His book sounds interesting, as much of what he said seems likely. Very informative interview. Thanks!