El Erian: QE3 Won't Work, Europe Poses Big Risk to U.S.

By FS Staff01/18/2012
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El-Erian, CEO of the world's largest bond bund, spoke with Bloomberg on a range of issues. He rightly points out that QE3 will not work towards reducing unemployment and that Europe represents the largest economic region in the world, posing a significant headwind to the U.S. and elsewhere.

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