Stocks have soared 66% since hitting lows in March, the pace of home sales is increasing and the unemployment rate is dropping. However, Pacific Investment Management Co. CEO Mohamed El-Erian warned that the situation in the U.S. is not sustainable. "We're on a sugar high," El-Erian said. "It feels good for a while but is unsustainable." InvestmentNews/The Associated Press (27 Dec.)
Hotmail: Free, trusted and rich email service. Get it now.
No comments:
Post a Comment