Pimco’s El-Erian: Global Economies Enter 'Synchronized Slowdown'
May's dismal jobs report serves as fresh evidence the world's major economies are slowing in tandem, says Mohamed El-Erian, CEO of Pimco. The U.S., Europe and even once-hot emerging markets are cooling, while demand for safe-haven assets like U.S. and German government debt is soaring, meaning investors are parking their cash to ride out a pending downturn. "The numbers also speak to a synchronized slowdown that is now taking hold of the global economy." [Full Story]
- Experts: Massive Summer Stock-Market Plunge Coming Again
- Experts: Stock Investors Starting to Smell Recession
- Growth Slowdown Seen for Third Year in U.S. Dodging a Recession
- Europe Moves Closer to Using Bailout Fund for Banks
- Facebook Hits New Low After Bernstein Questions Owning Stock
- MF Global Trustee Sees Possible Claims Against Corzine