Mohamed A. El-Erian
@elerianm
Rene M Kern Prof of Prac at Wharton. Allianz Advisor. Gramercy Chair. Chair of UnderArmour Board. Former Pimco CEO/co-CIO and President of Queens' Col Cambridge
加入 July 2011
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Now YCC is far from a free lunch. While it can help bring down longer-end yields in the immediate/short term, thus helping mortgage and other borrowing costs, it risks collateral damage and unintended consequences. Morever, the effects of this financial engineering are short dated unless followed by fundamental policy adjustments.
#economy# #yields# #bonds# #markets#
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