Article written by Prieur du Plessis, editor of the Investment Postcards from Cape Town blog.

Housing, credit, public finances, and the labor areas of the economy are currently impaired and until the country gets over those structural impairments, economic growth will be tough for a while, says Mohamed El-Erian, Pimco CEO/Co-CIO, who also mentions that Washington needs a growth strategy in order to get over these headwinds.

Source: CNBC, June 9, 2011.

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Pimco’s El-Erian on U.S. economic headwinds was first posted on June 14, 2011 at 9:30 am.
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