A New Landscape

Mohamed El-Erian,co-CEO and co-Chief Investment Officer at Pimco,says that,fundamentally,we are in a volatile journey to the new normal.The world is changing.We've redefined the financial landscape.The critical things for investors are to reposition and navigate for the new normal.The American consumer will return,but it will be a saner consumer,more concerned about retirement and not over-extended,Mr.El-Erian feels.