Mohamed El-Erian: Good Economy Not Good Enough for Investors
January 06 — Despite a steady flow of positive economic news, fears over European debt contagion have prevented investors from believing that a U.S. recovery has taken hold, Pimco's Mohamed El-Erian told CNBC.
Friday's solid jobs report, showing a drop in the unemployment rate to 8.5 percent, and the subsequent tepid market reaction emphasized the theme that until Europe gets a stronger handle on its crisis, improvements in the domestic economy will have little impact. Read more.
