Pimco’s El-Erian: Grim Jobs Numbers Show Politicians ‘Losing Control’

May’s dismal jobs report shows that politicians in the U.S. and elsewhere are losing control and need to do more to guide the global economy back to more sustained health.

“Central banks have stimulated their respective economies to generate growth, but such moves send economies moving at stall speed, where like an airplane, they move too slowly to generate enough lift to keep aloft and end up stalling and tanking.

Such policies sure aren’t creating jobs, especially in the United States.”

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