El-Erian: Good Economic News Is Now Bad For Markets

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Nov. 8 (Bloomberg) -- Mohamed El-Erian, chief executive and co-chief investment officer at Pimco, examines the October jobs report and explains how good economic news is now bad news for markets because it may signal the end of tapering by the Federal Reserve. He speaks on Bloomberg Television’s “In The Loop.”

Bring in mohamed el-erian.

Is the co-cio of pimco.

Rate to see you on this job stay.

Is this report as good as it seems?

It is a messy reports.

There are different methodologies this time around.

Having said that, two things i would know -- note in particular.

The revisions to the prior month are encouraging.

Keep an eye on the employment, the population ratio, the participation number.

Those came down.

That is not good news.

A lot to chew on.

Better than expected, but with a huge asteroid because of all of the distortions.

-- pastor rick -- asterick because of all of the distortions.

What i think is much more interesting is the extent to which good news is bad news for the market.

Yesterday, had we talked yesterday at this time.

We would have seen a number that was stronger than most people expected.

Ecb surprised everybody with a cut.

I think we would have said the markets will do well.

Because it questions the fed

This text has been automatically generated. It may not be 100% accurate.


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