Quién dice esto es nada mas y nada menos que Mohamed El-Erian, antiguo CIO de PIMCO y actualmente economista Jefe de Allianz.
declaraciones del 7/04/15
"I am mostly concentrated in cash... because I think most asset prices have been pushed by central banks to very elevated levels. Central banks look at growth, at employment, at wages. They are too low. They don’t have the instruments they need, but they feel obliged to do something; so they artificially lift asset prices... Because they hope that they will trigger what’s called the wealth effect, but there is a massive gap right now between asset prices and fundamentals."
Aunque el párrafo esta en inglés, creo que es fácilmente entendible.
Y pocas veces, por no decir ninguna, he visto unas declaraciones tan precisas y claras, al respecto de los mercados y su funcionamiento, más aún, viniendo de una persona del "establishment"...
