Mohamed El-Erian Quits Pimco, Becomes A Blogger

Tyler Durden's picture

We realize the future for blogging was bright, but this bright? Moments ago, Bloomberg View, Bloomberg's in house blogging operation, announced that El-Erian had joined it as a columnist. And just like that Mohamed has his own unedited venue in which to spill all the dirt on his former employer.

From BusinessWeek:

Bloomberg View today announced that Mohamed A. El-Erian is joining the opinion and analysis site as a daily columnist covering economic developments, policy and financial markets.

 

“Mohamed is one of the world’s most highly-regarded financial and economic observers – and he’s also a wonderful writer” said David Shipley, the senior executive editor of Bloomberg View. “We’re thrilled that he’s going to be sharing his insights with our readers on a daily basis.”

 

El-Erian’s first Bloomberg View column, The Dangers of Policy Drift, appears today and concludes that the annual spring meetings of the International Monetary Fund and the World Bank were unsurprisingly a “wasted opportunity” considering that “the global economy desperately needs better steering.”

 

El-Erian is Chief Economic Advisor at Allianz SE and the author of “When Markets Collide,” a bestseller that won the 2008 Financial Times/Goldman Sachs Business Book of the Year.

 

He is chairman of President Obama’s Global Development Council, a Financial Times contributing editor, and the former CEO and co-CIO of PIMCO. He holds a master’s degree and doctorate in economics from Oxford University, having completed his undergraduate degree at Cambridge University.

Hopefully this isn't a conflict of interest with Bloomberg's other subsidiary, BusinessWeek, which as we showed over the weekend, once again outdid itself in the creating department, "covering" none other than El-Erian's former boss and current drama soap opera nemesis, Bill Gross.