Mohamed El-Erian: US Economic Conditions Are

"Let me tell ou what I find most terrifying: we’re having this discussion about a risk of recession at a time when unemployment is already too high...

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23/11/2011

"Let me tell ou what I find most terrifying: we’re having this discussion about a risk of recession at a time when unemployment is already too high, at a time when a quarter of homeowners are underwater on their mortgages, at a time when the fiscal deficit is 9%, a time when interest rates are at zero. These are all conditions coming out of a recession, not going into a recession."