… a well-paid blogger.
– Mohamed El-Erian Quits Pimco, Becomes A Blogger (ZeroHedge, April 14, 2014):
We realize the future for blogging was bright, but this bright? Moments ago, Bloomberg View, Bloomberg’s in house blogging operation, announced that El-Erian had joined it as a columnist. And just like that Mohamed has his own unedited venue in which to spill all the dirt on his former employer.
Bloomberg View today announced that Mohamed A. El-Erian is joining the opinion and analysis site as a daily columnist covering economic developments, policy and financial markets.
“Mohamed is one of the world’s most highly-regarded financial and economic observers – and he’s also a wonderful writer” said David Shipley, the senior executive editor of Bloomberg View. “We’re thrilled that he’s going to be sharing his insights with our readers on a daily basis.”
El-Erian’s first Bloomberg View column, The Dangers of Policy Drift, appears today and concludes that the annual spring meetings of the International Monetary Fund and the World Bank were unsurprisingly a “wasted opportunity” considering that “the global economy desperately needs better steering.”
El-Erian is Chief Economic Advisor at Allianz SE and the author of “When Markets Collide,” a bestseller that won the 2008 Financial Times/Goldman Sachs Business Book of the Year.
He is chairman of President Obama’s Global Development Council, a Financial Times contributing editor, and the former CEO and co-CIO of PIMCO. He holds a master’s degree and doctorate in economics from Oxford University, having completed his undergraduate degree at Cambridge University.
Hopefully this isn’t a conflict of interest with Bloomberg’s other subsidiary, BusinessWeek, which as we showed over the weekend, once again outdid itself in the creating department, “covering” none other than El-Erian’s former boss and current drama soap opera nemesis, Bill Gross.
When a journalist no longer agrees with his employers, he is given a blog. Just recently, Glenn Greenwold was given a blog instead of the covering and readership he received from the Guardian. This is a way to get rid of people who don’t conform to the rules.
Today, the markets are “up” thanks to the lying banks. They are using sectors that cannot be watched or checked easily to say all is good in the stock market……..
When 85% of the market is skim and sell, with a mere 15% made up of real investors, something is very wrong. They never have any concrete reasons, just that retail is up or banking is up……nothing that can be verified easily.
El-Erian has been warning the market in in deep trouble, so now he gets his own blog. Speak your truth, and get thrown out of the club.
El-Erian will not have 10% of his readers or viewers, he has been sidelined permanently. Just like Dylan Ratigan, Keith Olbermann, and other broadcasters with morals, he will soon be forgotten.