Mohamed A. El-Erian is the CEO of PIMCO (Pacific Investment Management Company), the world’s largest bond investor which has been seemed as the most respected financial and economic analyst in the world. He first graduated from Cambridge University and got his bachelor’s and master’s degrees; then second master’s and a doctorate from Oxford University. There’s no doubt of what makes him a successful person.
Mr. El-Erian has been working in the International Monetary Fund for 15 years. He left in 1997 and became part of the member at Salomon Smith Barney as a managing director until joining PIMCO. Apart from this, he has taken the head of Harvard’s $30 billion endowment, which has the ability to affect today’s investing world by bringing a unique understanding of global markets.
He has written a book that published in May 2008 called, ‘When Markets Collide’. Hence he’s well known in his endowment of Harvard and as being a co-CEO in PIMCO, the view that involves in the book is as crucial as the way he emphasises how important the shifts are for those investors who wanted to be successful within a substantial portion of his career at the IMF.
In fact, after going through the information about the book’ When Markets Collide’, I started to realised that how important the world of economics means to people in our everyday life. It involves how emerging markets affect the global economy and also are seeing increasing internal demand; as it said the inflationary pressure for the U.S. is likely leading higher within the growth in emerging market. In the meantime, he’s the person who has firstly seen the start of the credit crunch, which he has mentioned the’ recognition by the financial institutions of losses’ whereas he has previously predicted the situation when people are yet thinking of the collapsing of banks.
He has devoted some of his work on the area of finance and economics which including some analysis in the financial times. The sources he gave out are thoughtful and reasonable due to the purpose of current condition of nowadays’ world of economy.
Diseconomies of scale
7 years ago
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