Mohamed El-Erian Warns US Treasury's Bond Buyback Is Just a 'Band-Aid,' Not a Fix For a $40 Trillion Debt Problem
Economist Mohamed El-Erian said the U.S. Treasury Department’s surprise move to double its bond buybacks this week is a short-term fix that does nothing to address the root causes of soaring long-term interest rates and the federal government’s mounting debt and deficits.
Benzinga ·