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Pimco's El-Erian Sees "Japan Economy Recovering, Temporary Rebound In Inflation"

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Mon, 03/14/2011 - 09:52 | 1049952 MsCreant
MsCreant's picture

El-Erian is an exposed rod.

Mon, 03/14/2011 - 10:02 | 1049991 CPL
CPL's picture



Considering their bread basket just got washed over by a slurry of whatever stuff cities produce and Tokyo is now glowing.  I'm not sure how anyone can come out and say "Things are GREAT folks, move along."


It should be a law that if someone is announcing that the situation is normal and nothing is wrong, that they stand right next to the object that is "fine".  In El-Erian's case, right next to the nuke plant.

Mon, 03/14/2011 - 10:10 | 1050018 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

""It should be a law that if someone is announcing that the situation is normal and nothing is wrong, that they stand right next to the object that is "fine".  In El-Erian's case, right next to the nuke plant.""

Radioactive Releases in Japan Could Last Months...


Mon, 03/14/2011 - 10:12 | 1050022 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

El-Erian must have junked me.

Mon, 03/14/2011 - 10:31 | 1050090 jus_lite_reading
jus_lite_reading's picture

+1. Good point. Too many trolls and plants using the junk button..

Mon, 03/14/2011 - 10:49 | 1050121 Spalding_Smailes
Spalding_Smailes's picture

Wonder if he has this on his desktop .....


• Live Feed - Geiger Counter Tokyo •




Also, this one is located in Japan but no location given .....


Mon, 03/14/2011 - 10:52 | 1050139 william the bastard
william the bastard's picture

I can't recall a single topic upon which Mohamed El-Erian has expressed an opinion that turned out as he expected.

Mon, 03/14/2011 - 10:59 | 1050151 Spalding_Smailes
Spalding_Smailes's picture

He's selling his book again ....


Sorry, 1st link is Koto City and the 2nd link is in Ota City.


How to read a geiger counter.





Mon, 03/14/2011 - 10:12 | 1050024 whatsinaname
whatsinaname's picture

A comment from a friend in Japan - the Western region of Japan has plenty of spare electricity BUT cannot supply the eastern region because of frequency differences and network incompatibility. Also, lots of food, water shortages in Tokyo stores since lots of food comes from Northern region as well as via the key ports on the NE side.

Mon, 03/14/2011 - 11:22 | 1050225 fuu
fuu's picture

That and the loss of every power line east of the foothills.

Mon, 03/14/2011 - 10:30 | 1050083 jus_lite_reading
jus_lite_reading's picture

+14 Trillion! I have lost all respect for Mo. I also predict that in 200 years, the Japanese economy will recover also. Now pay me $300 million and I'll look all pretty for the camera!

Mon, 03/14/2011 - 13:53 | 1051049 UninterestedObserver
UninterestedObserver's picture

Get with the script people:

Earthquakes - bullish (over 400 off the coast of Japan last 7 days and don't look at a map of earthquake activity in Cali last week)

Tsunami - bullish

Nuclear disaster - super bullish


Pole shift - ultra uber bullish



Mon, 03/14/2011 - 09:51 | 1049953 RobotTrader
RobotTrader's picture

No doubt, "Sugar High" El-Erian will be forced to "put his cash to work" by buying stocks, if he doesn't think bonds are going up.

I noticed that the PIIGS banks are on fire today, BBVA up over 4%, STD up 3%, etc.

Mon, 03/14/2011 - 10:13 | 1050023 Internet Tough Guy
Internet Tough Guy's picture

Retail stocks will rally big tomorrow, PM's will get capped once again
RobotTrader - Sun, Mar 13, 2011 - 11:52 PM

Same old, same old....

What else is new??

Mon, 03/14/2011 - 10:33 | 1050095 RoRoTrader
RoRoTrader's picture

If PIMCO is looking to invest cash why not wait until equities really correct? What is the hurry?

Mon, 03/14/2011 - 09:52 | 1049957 TruthInSunshine
TruthInSunshine's picture


Mon, 03/14/2011 - 10:41 | 1050110 velobabe
velobabe's picture

i think Mo Mo el, has a lisp. not that i would demean anyone with having a lisp, he probably has to over come far greater obstacles in his career. well, like listen to gross and his weird tongue of talk.

Mon, 03/14/2011 - 11:30 | 1050259 Don Birnam
Don Birnam's picture

The two most irritating, grating, creaks-like-a-rusty-doorhinge voices possessed by males of the human species: Laszlo Birinyi, and Bill Gross. 


Mon, 03/14/2011 - 09:52 | 1049958 doomandbloom
doomandbloom's picture

natural disasters are better than war...who would have thought..

if the Japan event was HAARP then expect something similar in California too...

Mon, 03/14/2011 - 09:55 | 1049963 Sudden Debt
Sudden Debt's picture

God is helping a hand!


now about that Yellowstone park thingy...


Mon, 03/14/2011 - 10:10 | 1050013 CPL
CPL's picture

The Yellowstone Caldera.  If it went up in smoke, most of North America would have around five minutes to shotgun a beer, bend over and kiss their own ass goodbye.  Appearently it's overdue for a big blow and is one of the reasons we've figured out that volcanoes tend to set each other off like a string of firecrackers.  Appearently teh Yellowstone Caldera has blown three times that is known in 2.1 million years according to this article.


Mon, 03/14/2011 - 19:03 | 1052497 equity_momo
equity_momo's picture

I can only imagine how high the futures would get juiced in those 5 minutes.

Mon, 03/14/2011 - 10:33 | 1050096 jus_lite_reading
jus_lite_reading's picture

Who knew? Doom is great for the markets!




I hope they're ready once Fukushima blows! Good bye Tokyo... Radiation levels from a counter can be seen rising...

Mon, 03/14/2011 - 10:42 | 1050111 bingaling
bingaling's picture

Great link -

Mon, 03/14/2011 - 10:55 | 1050147 jus_lite_reading
jus_lite_reading's picture

I know. It has become a daily read along with Zh of course!

Mon, 03/14/2011 - 09:57 | 1049960 Sudden Debt
Sudden Debt's picture

They'll print more money to make the inflation go away.



And Saint-Bernanke did what was asked of him.


And Obama did what was asked of him.


And in return for all the hard work they did, they got to spend the rest of their lives in the Caymans without a care in the world!



let's just hope that the evil speculators won't spoil it and cause inflation anyway.... AL QAIDA DID IT!!




Mon, 03/14/2011 - 09:54 | 1049961 RobotTrader
RobotTrader's picture

Yep, just as I predicted.

Market selling off, yet XRT and IYR are once again "unfazed"....

Mon, 03/14/2011 - 09:58 | 1049968 TruthInSunshine
TruthInSunshine's picture

Anything market related has The Bernank's greasy fingerprints all over it.

Anon will get The Bernank's archived emails and electronic correspondence, and fun will ensue.

Mon, 03/14/2011 - 11:18 | 1050208 reading
reading's picture

That seems to be going about as well as your gas prices in California are going no where but down theory.

Mon, 03/14/2011 - 09:57 | 1049966 joemayo
joemayo's picture

Just imagine if the entire world were devastated by disasters!  The GDP increase due to rebuilding efforts funded by new liquidity would be enormous, foerever and ever, eh Ben? 

Verily, this is the path to full employment and everlasting boom.

Mon, 03/14/2011 - 09:58 | 1049971 centerline
centerline's picture

George Orwell would be proud.

Mon, 03/14/2011 - 10:13 | 1050028 MsCreant
MsCreant's picture

new liquidity = irradiated salt water and steam

everlasting boom = Ka-boom

Mon, 03/14/2011 - 11:06 | 1050173 MachoMan
MachoMan's picture

Literally some dumbass was on Good Morning America this morning stating exactly this...  the disaster is good for Japan's economy because they will have to rebuild with newer technology...  I guess this means I should go bulldoze her house?  Seeing as how I am into helping and all...  and the worst part, her comments went uncontested...  none of the other anchors even raised an eyebrow...  really folks?  Is it that hard to just at least cough bullshit or say it under your breath?

Mon, 03/14/2011 - 11:08 | 1050182 Rodent Freikorps
Rodent Freikorps's picture

They read teleprompters for a living, dude.

Why would you assume they know better?

Mon, 03/14/2011 - 12:09 | 1050484 MachoMan
MachoMan's picture

I don't assume they could find their way out of a paper bag, but others are not so skeptical...  unfortunately...  [I thought that was what santa claus was all about?]

Mon, 03/14/2011 - 12:53 | 1050726 Diogenes
Diogenes's picture

"Just imagine if the entire world were devastated by disasters!  The GDP increase due to rebuilding efforts funded by new liquidity would be enormous, foerever and ever, eh Ben? 

Verily, this is the path to full employment and everlasting boom."

Yeah! Let's all cancel our insurance, burn down our houses and get rich rebuilding them!

Mon, 03/14/2011 - 09:57 | 1049967 centerline
centerline's picture

Sooooo.... let me get this straight....  destruction = demand for debt = good news for Pimco.

Hmmm.... El-Erian is either smoking some good stuff or is helping show how truly screwed we are (or both).


Mon, 03/14/2011 - 09:59 | 1049975 Sudden Debt
Sudden Debt's picture



RALLY DOW  +20.000!!!


Mon, 03/14/2011 - 10:09 | 1050008 bigking12345
bigking12345's picture

and he loves the NY mets, what a losers, the invisible hand holding up the market today will kill all the widows and orphans soon.

Mon, 03/14/2011 - 09:58 | 1049972 RobotTrader
RobotTrader's picture

Yep, AAPL and NFLX both rocketing.

They never even went red today.

Most overvalued, overpriced issues are still in hot demand.

Must be those CANSLIMMERS getting back in after getting chased out on Thursday.

Mon, 03/14/2011 - 10:23 | 1050051 Josh Randall
Josh Randall's picture

Go make your money then, stop Trolling

Mon, 03/14/2011 - 10:46 | 1050119 bingaling
bingaling's picture

Robo writes the truth = He even puts commentary to how bizarre the trades are . I don't get the junks he is a daytrader and he calls the day bullish or bearish .

Mon, 03/14/2011 - 10:42 | 1050114 Id fight Gandhi
Id fight Gandhi's picture

Netflix is red right now.

Mon, 03/14/2011 - 11:21 | 1050220 reading
reading's picture

You should know never say never...


Mon, 03/14/2011 - 09:59 | 1049976 TradingJoe
TradingJoe's picture

I sat down over the weekend, enjoying a good 25Y Bourbon and a nice cigar and tried to contemplate what could bring this market down....

Answer: A TOTAL REMOVAL OF WS AND DC! Nothing else can, or so it seems! We are still leveraging up and gorging on cheap money from the good old american taxpayer!

Sometimes I wish something really bad happens so that we can start anew but then again,

it will be same ol' for the few and the many! WS and DC are in utter total control of the US of A and there seems to be no escape but one.....use your imagination! (If TV didn't kill that too)!

Mon, 03/14/2011 - 09:59 | 1049978 nobusiness
nobusiness's picture

Is there anything that is not bullish for the market?

Mon, 03/14/2011 - 10:02 | 1049987 John McCloy
John McCloy's picture

Aside from extinction event I believe not. Bear markets have been outlawed.

Mon, 03/14/2011 - 10:00 | 1049980 Hondo
Hondo's picture

Kind of silly actually.....recover to what??  when??  just cleaning up the mess is some sort of recovery........sometimes these people just need to shut it

Mon, 03/14/2011 - 10:02 | 1049984 -Michelle-
-Michelle-'s picture

The faux sensitivity he applied over the pools of slobber was a nice touch.

Mon, 03/14/2011 - 10:03 | 1049992 High Plains Drifter
High Plains Drifter's picture

The economy will recover?  Recover to what? 

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