Pimco’s El-Erian on Markets and New Normal..

Midday Market Update; DOW down 205 to 7770, S&P down 20 to 815 and NAS down 46 to 1506….

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April 7, 2009. Tags: , , , , , , , , , , . Economy, FDIC, Finance, Foreclosures, Housing, Labor Department, Politics, TARP, Taxes, Unemployment Statistics, Wall St.

One Comment

  1. Tea Party Patriots AZ: Gabby Giffords (D-AZ) hides from constituents…video: I Am the Mob… « Moderate in the Middle replied:

    […] will not be growing at 5% GDP in two years (see PIMCO who calls 1-2% GDO the ‘new normal’) and if they pass this health care bill, they will HAVE to raise taxes within that time frame […]

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