PIMCO's El-Erian: Fragmentation of the global system

[LargoWinch]

The best part starts at 4:25...

Runtime: 9min.

[doom&gloom]

Re: PIMCO's El-Erian: Fragmentation of the global system

he and Greedspan seem ot think the printing press will save us...

[LargoWinch]

Re: PIMCO's El-Erian: Fragmentation of the global system

he and Greedspan seem ot think the printing press will save us...

I don't think he quite said "save us", more like printing will prevent a classic default.

Ways to deal with debt:
1) Pay it back
2) Default
3) Inflate it away (if you own a printing press)