Pimco's El-Erian says world is in the middle of an economic resetting

03/3/2010 | Reuters · InvestmentNews (free registration)

Mohamed El-Erian, chief executive and co-chief investment officer at the Pacific Investment Management Co., said investors will need some time to adjust to the "new normal" once it arrives as the world is in the midst of a "multiyear resetting" of the global economy. El-Erian also stressed that sovereign risks are among the primary issues of 2010.

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Reuters · InvestmentNews (free registration)

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