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El-Erian: Cyprus No Big Deal For U.S. Markets

Published 03/18/2013, 02:28 PM
Updated 07/09/2023, 06:31 AM
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Highlights Follow:

Is The EU Failing To Deliver Free-Trade?
  • 17 members of the EU, the more the euro zone implodes or unifies, the more outside the eurozone say they’re not sure if they want to enter.
  • For Germany and France, euro zone is political, for others its economic, fundamental difference.
Thoughts On How The Cyprus News Will Affect U.S. Markets
  • Very active central bank will compensate for political disfunction.
  • Cyprus is a big deal, but not a huge issue for U.S.
  • Fed cannot afford to see asset prices fall, economy healing.
On The New Global Economy
  • Global economy extremely fluid.
  • We are living in a fundamental phase of secular realignment, yet we still have a cyclical mindset.
On The U.S Recovery
  • The U.S. is recovering from great innovation and entrepreneurship, only held back by disfunction in Washington.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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