Pimco's El-Erian: Beware Unpredictability of Extreme Events
January 10 — Pimco CEO Mohamed El-Erian says that by pushing interest rates to very low levels, central banks are pushing investors out the risk spectrum.
"Every year has elements of unpredictability, but what's in play in 2012 goes far beyond the usual risk of policy slippages, unexpected election outcomes and geopolitical hotspots," El-Erian writes in The Wall Street Journal. Read more.
