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Mohamed El-Erian Quits Pimco, Becomes A Blogger
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.
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.
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FVCK you mohammed!
phony bastard ... Bill was right!
Now PIMCO can hire Ritholz and Silver and the circle jerk will be complete!
you don't get to that level without being a scumbag that sold his soul
He serves Obama.
That fact alone should lock his ass up.
That mustache will give him some street cred.
At least it did in the 70's.
pods
In addition to El-Erian's departure from Pimco, the company recently lost another key executive, Marc Seidner. Pimco greatly benefited from a 30 year bull market in bonds and an exponential increase in the size of the debt markets. The long wave debt binge is ending and rising rates will result in a relative decline in Pimco's AUM. The writing is on the wall and Pimco's long, painful decay is only beginning.
This is symbolic of the entire financial sector in the US: No one can make money outside of front running the Fed or getting inside info, and since they don't know how to work or produce anything of intrinsic value, the so-called professionals become columnists when they see they can't suck quarters out of nickels anymore.
He's like all the other "professionals": A total liability to our system. They suck off the Fed and write stories. Greenspan's book is selling well, so we know how this turns out. lmao.
El-Erian becomes a blogger, big deal. Hey, I'm a blogger too! And I don't need Bloomberg as a platform...
"That mustache will give him some street cred. At least it did in the 70's."
Do you mean back when he was going by his stage name of "Freddy Mercury"?
Quick: what has more follicles? El-Erians mustache or Gross's head?
"you don't get to that level without being a scumbag"
That was my first reaction to this article as well.
Why not blog on ZH?
The job comes with all the Bloomberg Kool-aid you can drink.
Mo is a quitter........
Bad move Mo. Bad move.
I'm willing to wait and see if he is as 'prophetic' as his name suggests.
About what, marrying 9-yr old girls or slaughtering entire villages?
He will call his column, "Oooh, that's Gross!"
is it enough to send the algos back to usd/jpy 102 though...
Or DXY back above 80?
Or USDCNY below 6.20?
Or XAU to 1050?
So many questions...
There was an entire weekend to persuade the HFT guys that a way will be found to kill the investigations and they can carry on with business as usual.
Well isn't that nice? A paid forum to continue their bitch fight.
good venue for him, yapping...the guy never make a dime risking capital in his life!
Shit about to get real...
#Turchinov signed a decree ? 405/2014 on start of anti-terrorist operation in eastern #Ukraine
Pay Raise????
bloomberg's new markets: sitcoms n soaps?
.
Nice. Mohammed taking a propaganda role with Bloomberg to get paid in shekels...Never has been trustworthy, glad he isn't starting now.
www.TopTheNews.com
Obama's man. End of story for me.
Global what....people who have only handled money and never "made" a thing should never be in positions of such power, and look at where we are...
Will he now get link-posting privileges on ZH too? ;-) Cause I'm sure he is a lurker here.
C'mon M, outta the closet...any guesses who?
ori
"any guesses who?"
MillionDollarBonus?
I guess that would mean "Accredited Times" will now suffer due to him having a Bloomberg outlet...
Well done, I hope adsense pays you better than Pimco.
He loves to talk..so he will probably make Chavez look like a toddler...he can talk for 24 hours straight....say nothing...but he loves to hear the sound of his own voice...
My advice is to not take the corner office available on the 12th floor and to take the basement office.
Sometimes there are explosions in basements, just before the explosions in the upper stories.
just sayin'
In 50 years, we have declined from being a nation of industrial might to become a nation of pissant bloggers. Time to leave before this stupidity infects everything.
....and it was an inside job, americans eating americans for personal profit, it's a zombie nation now
It's Uncle Sugar and the US gubbermit who are doing most of the eating. And the day when we realize that these folks and the things they value are not "American" is the day we begin to move past this parasitical culture we live in.
Wasn't Mohamed one of the hopium characters in the first Men in Black movie?
If I hear the phrase " New Normal " one more time I will puke or beat my wife with a " CapEx " !
'Blogging'.....just more mental masturbation.
Hey now there SD1...hey hey hey.....easy.....
Us bloggers provide great and essential service to humanity at large.
To my blogger bretheren and sisteren at large, can we go back to calling it the blog-sphere?
Hate the term blogosphere, like the blog-sphere got a beer gut....
ori
"Us bloggers provide great and essential service to humanity at large."
Yup, just like HFT provides liquidity to the markets.
El E is showing his pimp hand.
The cheese dick was a frequent guest on cnbc....tells you all you need to know about this turd.
I think the rift between Gross and EL-Erian is indirectly linked to support of status quo and political affiliation. EL-Erian seems to be a supporter of socialist redistribution, central planning, and money printing to infinity, while Gross seems to understand that money printing and central planning are very, very bad.
Who cares? 2 freaks far richer than they deserve to be!
The new normal... Multi-polar blogging.
...and I'm quitting posting here and joining PimpCo
Just business, you understand - nothin' personal.
tell el arian he better stay outta ZH basement or else
If you read his first essay, it's totally opaque and says nothing. People at his level of acclaim need to know what money really is ... not the nonsense they have been taught by clueless economists over the years.
Proper management of any Medium of Exchange (MOE) begins with a proper understanding of money.
Money is "a promise to complete a trade". This is obvious from examining trade: (1) Negotiation; (2) Promise to Deliver; (3) Delivery. In simple barter (2) and (3) take place simultaneously on the spot. Money allows (2) and (3) to take place over time and space. Thus, money is obviously created by traders ... not manipulators of the economy. The supply and demand for money in a properly managed MOE is always in perfect balance ... it's the nature of trade.
With that foundation, proper MOE management becomes a simple actuarial process. "All" trading promises are certified and those certificates (money) circulate in the economy as items of barter. They are welcomed in barter because they are guaranteed to hold their value over all time and space ... the MOE is guaranteed to exhibit zero inflation.
How is zero inflation guaranteed? It's very simple. The MOE manager monitors all the trading promises and their delivery. On delivery, the certificates he issued are returned and extinguished. If the trader fails to deliver, the DEFAULTED certificates are reclaimed through immediate INTEREST collections. This assures zero inflation by the relation: INFLATION = DEFAULT - INTEREST.
If all MOEs were properly managed, exchange rates would never change. There would never be a surplus or shortage of liquidity. The principle causes of the so-called business cycle would be removed ... that being the arbitrary and ill-timed manipulation of interest rates and money supply.
Todd Marshall
Plantersville,TX
Wait, wasn't that his job at the Beach?
The daily saga of the world's scumbags.
Think the Non-Disclosure agreement will prevent him from "spilling the beans"
When I become super rich fron my investments, I'm going to quit my job and post videos of myself jerking off while talking about financials and the economy.
El-Erian probably has a very hairy ass that doesn't come clean no matter how much it is wiped.