Mohamed A. El-Erian: Spain Shows Policymakers Are Running Out of Time

The CEO and Co-CIO of PIMCO is basically opining about the trader/investor psychology. Monday’s disappointing market reception to the bailout package for Spanish banks is a reminder to European policymakers of something that is more than familiar to veteran sovereign crisis managers in emerging countries: The greater the erosion of policymaking credibility, the harder it…

Around The Net In Ten Posts – Tuesday June 12, 2012

Here is what I am reading: Obama ” Private Sector Doing Fine” (Spencer England) Pulling Plug on Greece Sells in German Town Opposing Merkel Plan (Bloomberg) Gross Boosts Treasuries 1st Time in 4 Months as QE3 Looms (Bloomberg) How Did We Get into a 2-Percent Inflation Trap? (Uneasy Money) The Italian Economy Is Sliding (EconoMonitor) Instead…