PIMCO El-Erian: What Happens If Central Banks Fail?
Posted on April 12, 2012 at 12:45 PM EDT
"In the last three plus years, central banks have had little choice but to do the unsustainable in order to sustain the unsustainable until others do the sustainable to restore sustainability!" is how PIMCO's El-Erian introduces the game-theoretic catastrophe that is potentially occurring around us. In a lecture to the St.Louis Fed, the moustachioed ...
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