Pimco’s El-Erian: Global Economy Teetering on Knife's Edge
January 31 — The global economy is balancing "on a knife's edge" and facing four tipping points that will push the world into collapse or towards repair and prosperity, say Mohamed El-Erian, CEO of Pimco, the world's largest bond fund.
First, European economic and financial fragmentation could shove the world into a recession if not dealt with. Secondly, Middle East unrest could escalate and roil the politically tense and oil-rich area of the world further. Read more.
