Qe has done all it can do; recession may come – el-erian _ kitco news the price of bitcoin

El-erian, the former CEO at PIMCO – one of the world’s largest bond investors, with approximately $2 trillion in assets under management as of december 2013.

In an interview with on CNBC’s squawk box, el-erian spoke of the “R” word, noting that recession could be around the corner in the current slow growth environment.

We have relied excessively on central banks, the former co-CEO of pimco said. Up to 2008, we depended on private finance. Since 2008, we’ve depended on central banks. We have forgotten what it takes to grow an economy in an inclusive manner.

During the interview, he explained how quantitative easing and ultra-low interest rates have done all they can do. If we’re not careful, we’re going to take a turn where slow growth turns into recession, said el-erian.

Offering a solution, el-erian said three steps could help the stagnating economy, including reforming the tax code, dealing with over-indebtedness (i.E.: student loans) and an infrastructure program to fix the nation’s roads, bridges and transportation systems.The price of bitcoin

By daniela cambone of kitco news; dcambone@kitco.Com

Follow @danielacambone

El-erian, the former CEO at PIMCO – one of the world’s largest bond investors, with approximately $2 trillion in assets under management as of december 2013.

In an interview with on CNBC’s squawk box, el-erian spoke of the “R” word, noting that recession could be around the corner in the current slow growth environment.

We have relied excessively on central banks, the former co-CEO of pimco said. Up to 2008, we depended on private finance. Since 2008, we’ve depended on central banks. We have forgotten what it takes to grow an economy in an inclusive manner.

During the interview, he explained how quantitative easing and ultra-low interest rates have done all they can do. If we’re not careful, we’re going to take a turn where slow growth turns into recession, said el-erian.The price of bitcoin offering a solution, el-erian said three steps could help the stagnating economy, including reforming the tax code, dealing with over-indebtedness (i.E.: student loans) and an infrastructure program to fix the nation’s roads, bridges and transportation systems.

By daniela cambone of kitco news; dcambone@kitco.Com

Follow @danielacambone

El-erian, the former CEO at PIMCO – one of the world’s largest bond investors, with approximately $2 trillion in assets under management as of december 2013.

In an interview with on CNBC’s squawk box, el-erian spoke of the “R” word, noting that recession could be around the corner in the current slow growth environment.

We have relied excessively on central banks, the former co-CEO of pimco said. Up to 2008, we depended on private finance. Since 2008, we’ve depended on central banks.The price of bitcoin we have forgotten what it takes to grow an economy in an inclusive manner.

During the interview, he explained how quantitative easing and ultra-low interest rates have done all they can do. If we’re not careful, we’re going to take a turn where slow growth turns into recession, said el-erian. Offering a solution, el-erian said three steps could help the stagnating economy, including reforming the tax code, dealing with over-indebtedness (i.E.: student loans) and an infrastructure program to fix the nation’s roads, bridges and transportation systems.

By daniela cambone of kitco news; dcambone@kitco.Com

Follow @danielacambone

El-erian, the former CEO at PIMCO – one of the world’s largest bond investors, with approximately $2 trillion in assets under management as of december 2013.

In an interview with on CNBC’s squawk box, el-erian spoke of the “R” word, noting that recession could be around the corner in the current slow growth environment.The price of bitcoin

We have relied excessively on central banks, the former co-CEO of pimco said. Up to 2008, we depended on private finance. Since 2008, we’ve depended on central banks. We have forgotten what it takes to grow an economy in an inclusive manner.

During the interview, he explained how quantitative easing and ultra-low interest rates have done all they can do. If we’re not careful, we’re going to take a turn where slow growth turns into recession, said el-erian. Offering a solution, el-erian said three steps could help the stagnating economy, including reforming the tax code, dealing with over-indebtedness (i.E.: student loans) and an infrastructure program to fix the nation’s roads, bridges and transportation systems.

By daniela cambone of kitco news; dcambone@kitco.Com

Follow @danielacambone