Pimco's El-Erian says economic rally is unsustainable

12/28/2009 | InvestmentNews (free registration)

Stocks have soared 66% since hitting lows in March, the pace of home sales is increasing and the unemployment rate is dropping. However, Pacific Investment Management CEO Mohamed El-Erian warned that the situation in the U.S. is not sustainable. "We're on a sugar high," El-Erian said. "It feels good for a while but is unsustainable."

View Full Article in:

InvestmentNews (free registration)

Published in Brief: