Tuesday, 26 October 2010

Moneynews.com


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Pimco's El-Erian: 'New Normal' Odds Stand at 55 Percent


Mohamed El-Erian, who popularized the “new normal” term to describe Pacific Investment Management Co.’s view that the global economy has entered of period of slower growth and lower investment returns, said the scenario isn’t such a sure bet and the likelihood of a new normal outcome is 55 percent.


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