Charlie Rose

donmaika  12/02/2011 05:57 AM Report

Some people are just so smart, i hope some political leaders can copy from him. I really like the way he responds to a question, so easy to understand even if he is talking about something you have never heard before. He is a well informed leader. I never knew that poor countries are financing rich countries, can anyone tell me about this?

JACIII  11/14/2008 12:55 PM Report

I really enjoyed this interview! El-Erian and his group at PIMCO are definitely a forward thinking people.

Franciska Walker  10/08/2008 02:08 AM Report

How soon before the world goes back to the gold standard?

J Knight  09/25/2008 06:33 PM Report

I really like El-Erian. He is very smart, weill informed and communicates very well. Bring him back.

Observer  09/16/2008 07:41 PM Report

A thought provoking presentation; would like to add that no matter how dynamic the chinese or Indian or other LESS DEVELOPED countries are or will be, they can NOT be permitted at the same table/level as DEVELOPED COUNTRIES OF EUROAP OR NORTH AMERICA becuse of vast CONTRAST of their cultural and social-economics systems. There are planets apart!

F Samuel  09/12/2008 04:13 PM Report

I enjoyed this thoughtful interview. Thank you very much. Excellent

Sue Rhudy  08/20/2008 09:05 PM Report

Why doesn't Professor Cohen of NYU come on the show?

Deborah  08/11/2008 12:34 AM Report

Excellent interview.

C Redson  08/10/2008 03:24 PM Report

I agree with his analysis, but am a little disgusted, frankly. If he saw this coming, why didn't he restructure the Auction-Rate securities he sells??? Instead, while others such as Nuveen have been working hard to restructure and redeem their ARS' offerings, not a PEEP from PIMCO. Did he know that the banks would pop up and buy these things from the unknowing investors? When the auctions started failing, what did he know and when did he know it??? Hindsight is always 20/20. Step up to the plate and redeem the PIMCO ARPS' at par. Put your money where your mouth is!

Preston  08/07/2008 02:46 PM Report

I have an idea of what you're trying to say, uh, Mr. Kok. For all the unfair, unhelpful and unjustified criticism that many countries in the world like to dump on the USA and their real friends (What I mean by real friends, those countries whose young adults are literally sacrificing their lives in the pursuit of stabilizing the world for peace for the future of todays children of the free world.). Many of those unhelpful countries, are actually, ironically, helping in their own small ways by investing their moneys in the USA. Which I think is really nice of them. I wish they could see my smile.

Roger Kok  08/07/2008 12:06 PM Report

Prior to the Asian crisis in 1998, the economy was hustling fueled by the foreign funds including the hedge funds. Life was rich and wonderfull however when the hedge funds pulled out and financial supports was short despite the IMF backing, the poor multiply, the economy suffer greatly. Its no different in the USA, except its is only one the few countries in the world who can issue financial instruments where foreign funds are still willing to buy and indirectly minimalizing the damage. How long can foreign investors trust the US financial market including its governing body. The fact is that many of the developing countries are pilling-up their huge foreign reserves and very likely all these funds end up in the USA treasury. The US government can not alleviate the pain but is trying to make the pain gradual knowingly the suffering will continue. He is right and so far is willing to say it in a plain language easily understood.

scott simon  08/05/2008 12:28 PM Report

I wish that I could see the present as well as Mr. El-Erian has been seeing the future.

He layed out and explained very complicated interactions in a way that "normal" people could understand.

Invite him back on!

Roger  08/01/2008 07:39 PM Report

Totally nuts!!! So vague and just describe what has happened... So easy and cheap to describe and forecast once events have happened!!! One should be really naive to be impressed... He should have made this talk one year ago. As a Private Banker, I give a pass grade if he is able to sell his crap book to retail investors and make easy money in this way. Feel almost sorry and sad for people who pay for that. However, one thing is 100% sure: they won't become rich as others who buy others Gurus' books. If you don't believe me, buy this book and read this message again in 2 years :)

B. Meighan  07/30/2008 06:17 PM Report

Interesting conversation Mr Rose. However a number of your respondents to the discussion indicate that M.El-Elian should have told us what he knew before chaos eventually came in 2008. Allow me to say that there were numerous people (governors of Fed, economists, Warren Buffett et al) making very prescient observations from 2000 and on forecasting the "bubble"in real estate and subsequent collateral damage in financial markets.

The party was too good to think otherwise. Same as America cannot bring itself to think that the Bush presidency is a total failure.

subhan  07/30/2008 04:23 AM Report

he sure can tell the future. if not for his financial wizadry, i have to hand it to him for the earthquake example, which eerily came true. coincidence?

Roy Fassel  07/29/2008 09:23 AM Report

Holy smokes...this guy works for PIMCO. PIMCO is the largest fund manager of bonds in America. PIMCO's primary customers are retirement funds and pension funds of both public and corporate employees. Some people seem to think that this guy and people who work for firms which manage retirement funds are evil. They even have "hedge funds." That really makes them evil.....even if the profits would go to pension and retirement funds. Not all retirement plans are tax supported as some seem to assume.

Preston  07/29/2008 08:59 AM Report

Bill,

I could never have said it better myself.

It is a very complex issue that needs the serious attention of someone with the capacity to wrap their head around it. But I find the goofy, holier-than-thou Ralph Nader type of whiners with their self-righteous head-up-the-butt solutions to make everything worse for everybody, particularly annoying.

bill  07/28/2008 03:36 PM Report

i love all you people saying 'where were you 2-3 years ago' im sure those persons would have LISTENED to this gentleman if he said the us market was gonna take a dive. its pretty evident that he DID see this coming, as did his peers, the problem was noone LISTENED!!

this gentleman is highly intelligent and very well spoken. he spoke in a language that is easily understood. i agree with preston, this is the type of level headed thinker that should be running our treasury. the 21st century economy cannot be run by 20th century management, todays market/economy moves much too fast for the 'casual observer'

Allan Ramesh  07/28/2008 02:19 PM Report

I believe this man. He is clear, precise, and moderate in his language. He re-interated the "too big to fail" concept that is being applied to the huge institutions like Freddie and Fannie and the large private investment houses today. However, I was hoping that as someone with a lot of clout due to the size of his investment portfolio, he would have demanded accountability from the greedy managers who led us down this path of excess. If he does not use his power to curb the market excesses, who will? Why are allowing companies get overly leveraged and unstable. When big organizations fail, the managers don't give back their huge salaries and bonuses - its the little guys who hurt.

sock puppet  07/28/2008 11:54 AM Report

Damn good point, Mr Lanning. Where the hell were these know-it-all wise-guys when we needed them. They come on like gang-busters after-the-fact with their chesser-cat wisdom. But were they a voice in the wilderness, when it was on fire? Ninty per cent and more of the financial (wise-guy) community should be incarcerated based on the abject misery their egregious greed has caused. To the bastille with them all! Then GITMOize em.

Robert Lanning  07/28/2008 10:10 AM Report

So PIMCO (and probably others) saw the problem coming? How nice it is that the smart guys can see an oncoming economic crisis and instead of giving a heads-up to the world's finance system (which made it possible for them to exist) they just sit back and profit from from the carnage instead.

sock puppet  07/27/2008 02:59 PM Report

He ascribed our current crisis too esoterically to the 'big' picture, when in reality it's just common human greed - going back to Moses and coveting. The casual mention of leverage - DEBT - is the main culprit coupled with de or no regulations to curb the inherent egregious greed of the financial wise-guys. -------------------------------------------------------------------------------- He arrogantly posed (in essence), "Where else is the world going to invest, because we are so stable - relatively?" That bit of hubris in face of the subprime created INSTABILITY, is death-denying logic. ---------------------------------------------------------- I bought his book (Kindle) anyway.

oc  07/27/2008 11:19 AM Report

This guy has been hitting the nail for a long time. He was among the few who bet on Brazil not defaulting in 2002-03, taking a position against most of the other emerging market bond investors. After that he also wrote a lot of newspaper articles predicting the strength of growth in emerging markets. He was also one of the first to talk about the weaknesses of the too optimistic view behind high US equity prices. In a nutshell: I for one who's been reading this guy for sometime can affirm you that everything he says in this interview has been stated by him in articles and interviews in the last few years.

Preston  07/27/2008 10:58 AM Report

No. I didn't get you wrong. You're obviously a young guru and I wish you good luck with your future. The reason I say you're young (or at least I hope so) is because your spiel is pretty stereotypical, I've heard it over and over again with the words changed a little different to fit the situation. "Every so many years our economy does this, it does that, blah blah blah." You do that to try and gain the confidence of what you hope are lesser informed people.

The reason I like this guy is because this "crisis" (and by the way, for a banker, I think you use this term too loosely) is like no other. And this guy seems to look deeper into the BS and describe what he is seeing in a way that even a naive simple moron like myself can understand. So he must not be trying to hide something.

Roger  07/27/2008 10:19 AM Report

don't get me wrong, I am not upset, I feel sorry for retail investors that follow gurus' advice!!! the financial world is not as simple and easy as what all these books try to sell. Every 6 years we have got and we will get a new financial crisis and I would prefer a guy forecasting the next one!!! What is smart and intelligent about describing what has happened during the last 3 years??? open the FT or WSJ and you will get exactly the same story. Thus, the speach is good, however the content :(:( won't help anybody to make better investment or avoid the next crisis in 4-6 years....

Preston  07/27/2008 09:54 AM Report

You're a banker? Huh?

Maybe you "should have made this talk one year ago".?.

What does this guy say that makes you so upset?

Preston  07/26/2008 10:49 AM Report

Watching this interview, I thought why can't our Presidential candidates be this smart. And then I thought, it's probably because if they were this intelligent, they would lack the immaturity necessary to want to be politicians. So hopefully whoever it is, will be at least, smart enough, to listen to this guy.

M West  07/26/2008 04:04 AM Report

So vague and euphemistic I guess I will have to get his book...although I doubt he will explain anymore clearly there. He seemed to be holding back bad news from a child, doling generalities sparingly. Candor from financial types, not a strong suit--so to speak. ~m

Christopher  07/26/2008 12:35 AM Report

What a smart guy.

irish  07/25/2008 08:21 PM Report

well, gee - the party is over and I missed it! I need to get that book - I have no idea what is going on other than being thankful thar I didnt fall for any of the hype. Interesting interview. Thanks Charlie!

Frank Woelke  07/25/2008 03:45 PM Report

Dear Mr. Rose,

I really enjoy listening to your show. I especially enjoyed your program last night with Mohamed El-Erian. I thought his ideas on the Present situation with home loans across the country were right on the money. I feel the lenders were making loans based on future home valus rather then present, the real estate agents were pushing buyers in to loans they could not really qualify for and every body was making money off over inflated Loan values. Now I see in the news today congress has approved a 3.9 billion dollar bail out that the president is going to sign. The greedy people are the ones that should be suffering the consicuences not the Tax payer. Let them have to eat some of those inflated value loans they made and maybe next time they will be a little more careful to whom or what they loan money. They all been in high value areas riding the inflation and false home valus and driving around in thier luxury cars and now they can't pay the piper. Poor babies. I sold Mortages, Real Estate, and built subdivisions in Southern California and I know exactly what they are doing. Let the real estate industry, the mortgage lenders and the speculators and house flipers. Let them sit down and work out their problems with out the Government. They got themselves into this mess let them get out. Just some comments.

J  07/25/2008 03:01 PM Report

Canada does not need to be at the table because the US will represent its interests just fine.

What he failed to emphasize in the interview was the role that the securities traders played in making the mortgage problem bad. He mentions that the packaging of mortgages and selling them off was part of the problem, but did not seem to say that a solution would be to target the system that allows greedy wallstreeters to make money by taking advantage of investors. These same traders/speculators are the problem with oil prices. They were the problem of California's blackout mess. They were also the problem of the dotcom bust, and they were also the problem back before the great depression when stock was being sold for companies that did not exist. WHY is this still a problem?! Is it because those wall street people are the ones who are looking for the solution? Is it because they will not allow their sacred club to be broken up even though they seem to be a main cause of all of the FAKE money that is being made?

Robert Barkley   07/25/2008 02:12 PM Report

This was a perceptive and insightful insight into directions many have suspected, and the source of much concern.

He spoke with candor and authenticiy and helped to crystallize concerns about our apparant economic uncertainty

Esther Baird  07/25/2008 01:10 PM Report

I was initially impressed by Mr. El-Erian's eloquence and erudition. He then completely lost his credibility and my respect when he casually lumped together Italy and Canada as inconsequential G8 members. Has he not resided long enough in the USA to understand the strong economic co dependency of the US and Canada? Is he completely unaware of Canada's philanthropic role in the world and of it's military peace keeping role in Afghanistan and others? Has he not read the ECONOMIST's economic indicators to understand the strength of the Canadian economy and the rise of it's dollar, of it's immense wealth of natural resources, or of it's long standing politically stable and peaceful government? Is he so uninformed that he believes Canada's global strength and stablility can be compared to that of Italy's, who is struggling with it's economic demise, has had 66 changes of government since the second world war, and whose failure to comply with EU regulations could lead to it's ouster.

Esther Baird.

Luis Peraza  07/25/2008 10:39 AM Report

My wife and me were really impressed by the simple, clear and easy way he teach high economics even for lawyers. I am looking forward to read his latest book

RE Mant  07/25/2008 12:04 AM Report

A good fund mgr he may be, but I was not impressed with his ability to either think or express himself clearly, and for someone who fancies himself an historian, he seems to know none at all. If I were going to speculate on China's economic trajectory, I would guess that it will follow Japan's fairly closely, tho', actually, I would rather it didn't.

ronaldo soares  07/23/2008 04:20 PM Report

quero assistir as entre-vistas