Expect More Money PrintingGuest Post
By Steve Blumenthal
"Time to put 25% to 30% of your wealth in cash.”
– Mohammed El-Erian
“If you go to an investment adviser, they’ll tell you cash is wasted,” says El-Erian, chief economic adviser at Allianz. ‘I don’t think so.’ ‘You will have many opportunities to buy really good names at beaten down prices,’ says El-Erian, whose latest book, “The Only Game in Town,” was released this week.” Source
25% to 30% in cash? Take a step back and think . . .
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