This week we speak with Paul McCulley, former chief economist at PIMCO, and often mentioned potential FOMC candidate.
H/T Barry Ritholtz
McCulley worked closely with Bill Gross for many years, and was brought back to PIMCO after Mohamed El Erian stepped down. Even if you are unfamiliar with McCulley, you probably know with his work. He coined such well known phrases as “Shadow Banking system” and “The Minsky Moment.”
At this year's SALT New York conference, Jean Hynes, the CEO of Wellington Management, took to the stage to discuss the role of active management in today's investment environment. Hynes succeeded Brendan Swords as the CEO of Wellington at the end of June after nearly 30 years at the firm. Wellington is one of the Read More
McCulley criticizes those who believe the Government and Federal Reserve should have let the crisis run its course on its own, with zero interventions (ZIRP, QE, etc.). He is especially harsh on the austerians, who he says made the recovery weaker than it need be.
Masters In Business: Pimco’s Paul McCulley
Next week, we speak with Harry Shearer of The Simpsons, Spinal Tap and SNL.