PIMCO Chief Says There Will Be No QE3 (VIDEO)

Jun 1 2011 | 4:45pm ET

“What's likely to happen is we're going to muddle along, we'll hobble along, as we've called it here at PIMCO, until we get a political consensus that we need to move on structural issues,” Mohamed A. El-Erian, chairman and co-CIO of PIMCO, said today on CNBC.

ORIGINALLY AIRED WED 01 JUN 11 | 01:12 PM ET



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As initial anxiety over Donald Trump’s victory gave way to market euphoria in the days following the election, there was a casualty. Gold prices.