When to short 2013

[Vanraw]

More reasoning for not trusting the world economy Good write up from the CEO of Pimco. 4 reasons he is still worried. Of course note he makes money when money goes into bonds. So grain of salt...

http://blogs.marketwatch.com/thetell/201...worrywart/

No. 1: Western economies are still struggling to generate robust economic growth and plenty of jobs. Too many countries, he notes, are being held back by outdated growth engines. He adds:

No. 2: Politicians have been remarkably passive in their responses. As a result, central banks have been left to do the heavy lifting. El-Erian notes the U.S. Congress can’t even deliver an annual budget — dream on, medium-term reforms — and the euro zone comes up with initiatives that don’t really tackle its high unemployment and ongoing financial crisis. He describes the result this way:

No. 3: Developing countries became the engine of global growth. And then created an unbalanced policy mix that threatens their own growth as well as financial stability.

No. 4: Those who caused the 2008 crisis haven’t been forced to change their ways.