PIMCO’s Mohamed El-Erian appeared on SquawkBox Monday morning and gave some insight on the situation in Cyprus and the world markets as a whole. Here are some highlights:
Is the EU Failing to Deliver Free-Trade?
17 members of the EU, the more the eurozone 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
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Thoughts on How the Cyprus News Will Affect US Markets
Very active central bank will compensate for political disfunction
Cyprus is a big deal, but not a huge issue for US
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, we’re only held back by disfunction in Washington
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