The US is now on the spot, as Pimco CEO Mohamed El-Erian writes.
Probably so, says Mohamed El-Erian, the co-CEO of PIMCO, an investment company that specializes in bonds and debt.
She replaces Mohamed El-Erian, who quit in November to return to Pacific Investment Management as co-chief executive and co-chief investment officer.
Chief Executive Officer Mohamed El-Erian said in a radio interview on Bloomberg.
On Bloomberg Television, Mohamed El-Erian, CEO and co-CIO of Pimco said that the death of Bin Laden does not necessarily make things more stable.
"I try to read everything he writes, " said Mohamed El-Erian, the chief executive and co-chief investment officer of Pacific Investment Management Company, the giant bond investor.
Top executives at PIMCO have been calling for a substantial correction in bond markets for the last couple of months, with Bill Gross and Mohamed El-Erian taking the lead.
FORBES: PIMCO's El-Erian On Bin Laden's Death: Equities Up, Treasuries Down
Pacific Investment Management 's Co-Chief Executive Mohamed El-Erian will single-handedly run the world's largest bond fund management company when Bill Thompson--half of the company's executive team--retires at the end of the year, Pimco said Friday.
Bill Gross and Mohamed El-Erian have turned bullish on muni bonds ahead of inevitable tax hikes in 2013, and have put their money where their mouth is by beefing up the allocation to these securities in the Total Return Fund.
Essam El-Erian, a senior adviser to Egyptian President Mohamed Morsy, said that they looked forward to a second trial, the Freedom and Justice Party stated on its website.
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