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 about that for a second. But what do you do when interest rates reach zero? Here is more on…
Expect More Money Printing
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