] Mohamed El-Erian
is talking again.
This time he's talking about why the Fed is going to start tapering soon.
reports that El-Erian wrote on the Pimco site, "In all likelihood, the Fed will taper for a mix of reasons…It will likely be comforted by the notion that the American economy continues to heal, but also frustrated by the gradualism of the recovery and the threat of collateral damage."
Bloomberg writes that although there isn't exactly mounting evidence that the economy is "strengthening decisively," the market has already factored in a Fed policy change, which makes Treasuries a tainted investment at the moment.
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