Are Central Banks Now Emasculated?

By: Ian Campbell | Wed, Aug 8, 2012
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Why Read: Because Mohamed El-Erian is, on the face of things, a very smart and experienced money manager who from my perspective writes in a quite balanced and timely way.

Commentary: You may recall that last week I said in so many words when discussing Fed Chairman Bernanke's remarks made last Wednesday at the close of a two day Federal Reserve Board meeting that it seemed to me he was 'keeping his powder dry' pending subsequent economic development in both the Eurozone and the United States.

You might want to read a short article written by Mohamed El-Erian, Pacific Investment Management Co.'s chief executive officer and co-chief investment officer, and the author of the book 'When Markets Collide'. Mr. El-Erian makes three important observations, saying:

To put Mr. El-Erian's comments in proper context, I suggest you read the short referenced article.

Topical Reference: Central banks can't save the world this time: Mohamed El-Erian, from The Financial Post, from Bloomberg News, Mohamed El-Erian, August 6, 2012 - reading time 2 minutes.

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Economic Straight Talk

Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
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Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/