and we'll have more with mohamed el area and c.e.o. of pimco still ahead the threat of deep place in what financial repression means first savers for banks and how washington dysfunctional politics are holding up an economic progress for a still sick economy not strong enough to resist another virus the first your closing market numbers. you just put a picture of me when i was like nine years old i want to tell the truth. i may confess and i am a total get over friends that high low gravity is a one trick. but it was kind of the jester day. i'm very proud of the will without you she has played. oh. oh. oh. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear see some other part of it and realize that everything is or you don't know i'm sorry welcome to the big picture. what drives the world the fear mongering used by politicians who makes decisions to break through it's already been made who can you trust no one who is human view with a bill. the surety where we had

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he's mohamed el-erian c.e.o. of pimco, the world's biggest bond fund. >> happy new year, susie. >> susie: so you say the numbers were good today but not good enough. what do you need to see happen for you to be more positive about the outlook for the economy? >> first, we should welcome these numbers. these were good numbers. we create 200,000 jobs and hourly earnings and hours worked went up. that's a really good set of developments but it's not good enough. that's what the market told us today. and understandably so because of the headwinds and the three particular head winds the markets are worried about. first the growth we've will over the last few months have been fueled by lower savings rates lowered the amounts they saved an and that's not sustainable and in europe factory output declined by the most in germany in a number of years and in addition italian interest rates went up 7% and finally the global system continues to delever. good news is welcome but it has to be really really good news in order to

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thirty six thirty am if you're in london western europe moscow or new zealand and moving on we had mohamed el area in on the show on friday and someone via you tube we had a great response to it and they said great interview well i think is right on the light at the end of the tunnel keep some powder dry for opportunities just ahead of us he was pointing out something i hope you'll go back and listen to we talk about a lot of the doom and gloom going on in the economy but mohamed el erian had some advice for savers which he said are financially repressed but he said that there may be some opportunities in pimco his view towards the end of the year if things get all dislocated around the world good assets may trade at a very low price so some good news to end on this friday that's all we have time for thanks so much for tuning in feel free to follow me on twitter at lauren lyster give us feedback on the show at youtube dot com slash capital account and be sure to tune in next week i will be off i will be at the world economic forum the annual meeting in davos switzerland dmitri kofi anna is ou

you'll go back and listen to we talk about a lot of the doom and gloom going on in the economy but mohamed el erian had some advice for savers which he said are financially repressed but he said that there may be some opportunities in pimco his view towards the end of the year if things get all just located around the world good assets may trade at a very low price so some good news to end on this friday that's all we have time for thanks so much for tuning in feel free to follow me on twitter at lauren mr give us feedback on the show you tube got on slash capital account and be sure to tune in next week i will be off i will be at the world economic forum the annual meeting in davos switzerland dmitri copius our producer will be filling in we have some great interviews lined up and i will be bringing you daily reports from davos on the back room hallway deals and schmoozing going on so i can give you an insider's look but until then i am laura mr have a great night and we'll see you next week. and. and. if. you. can't you people. here. is a list when the overwhelming majority of egypt's first

es la primera derrota de los cholos en la era del tÉcnico antonio mohammed. >> el arsenal vino de atrÁsminutos depuÉs otra vez aduris para dar la marca, sin embargo, a dos minutos del final espinosa dejÓ el negocio parejo dos a dos. en italia lecce dio el campanazo y venciÓ al internet milÁn, el hÉroe fue guillermo giacomazzi y me tiene lugar al minuto 40. cerramos con el campeÓn del abierto de australia, se trata del serbio novak djokovich, quien le ganÓ a rafael nadal y fue la final mÁs larga de la historia de un grand slam, con mÁs de cinco horas. muchas gracias, es todo por hoy y ya tengo la pelota lista porque maÑana salimos para indianÁpolis y estaremos cubriendo todo lo que pase el sÚper bowl, 46, el concierto, en repÚblica deportiva, ahÍ te va. >> muchas gracias, le dije a las 6 y media que boca le ganaba a river y le ganÓ. >> se exhibe en caracas la exposiciÓn que cuenta con la presencia de mÁs de 200 tatuador este casi una decena de paÍses que usaron otra mÁs transformaciones, la inserciÓn de implantes en el rostro y cortes. es un modo de expresiÓn que rompe y supera eldolor.

tendrán acción ante los de miami, ahora entramos en combate, hoy se encuentra en el cumpleaños el inigualable mohamedres, también se destacan sus logros fuera del cuadrilátero, y por activistas de los derechos de los afroamericanos, que lo convierten en uno de los atletas más importantes de todos los tiempos. hasta que los deportes volvemos, del noticiero. >> sulema: recuerde que puede pasar esta noticia y otras en nuestra página de internet holaciudad.com, hacemos otro paréntesis publicitario, volvemos con segmento de la buena vida y el clima. >> cristina: vamos a ver cuando la naturaleza se se decide con este clima vamos a ver el pronóstico de los cinco días.

as mohamed el baradei who was deported. less than me. regime change she would i mean he's the case. that one should expect from these three. members actually i have to say that if he was in. office. what if of course iran cooperate and answer all the questions which is being asked to do then this idea of regime change will it be obsolete then wouldn't it and that would in fact be a way of iran wrong doing what you say are the real intentions but talking behind the i.a.e.a. . exactly true iran has already responded under the ages to the questions or the educations that us and he's very very sick in six hundred seventeen pages and basically. some of the documents that have been forward that we should. be doing have to believe you know what they're even going to and they're all. caught it's hard. we never get them so instantly much. the militants. as. to certainly you will see such as an individual. who apparently was in nuclear scientists in iran and was dealing with military aspic supposedly what was. i mean you don't refuse. to do that given the many of. the last one was. just a few

countries which followed here in toppling its leader now the former head of the un's nuclear watchdog mohamed el baradei has called off his bid for presidency there he had been seen by many as one of the front running liberal candidates let's talk a bit further now and go live to cairo there wireless can there egyptian journalist and blogger while things are going on r.t. el baradei says that he's dropping his candidacy in protest of the current winter rules what exactly are these grievances and what is the how to achieve. stance to to not run for for presidency and withdrawing his candidacy is an extension to stance during the mubarak rule where he refused to be a presidential candidate in light of corruption so what he actually means by withdrawing his candidacy is to send a message out that the regime has still not fallen and that the scaf are mubarak's extension and that the regime is extremely corrupt and so he hopes to bring light to the fact that nothing has changed in the regime by withdrawing his candidacy so what does this decision go to me now does it change anything and indeed it did

nigeria into the united states and to egypt now where the former head of the yarns nuclear watchdog mohamed el baradei as cold off his bid for presidency and he says he's not going to run as the old regime has never really gone away had been seen by many as one of the front running liberal candidates but one egyptian commentator says he never really stood a chance of leading the country. brothers stance two to not run for the presidency and withdrawing his candidacy is an extension to stance during the mubarak rule where he refused to be a presidential candidate in light of corruption so what he actually means by withdrawing his candidacy is to send a message out that the regime has still not fallen and that the scaf are mubarak's extension and that the regime is extremely corrupt so he hopes to bring light to the fact that nothing has changed in the regime he didn't have much of a chance under the current regime because it was still the same chances as he had during the mubarak regime the military wanted to maintain control over every aspect of egypt's political life there's a campaign called

presidential bid in egypt elections mohamed el baradei said his decision was a protest against the way the biliteral government's been running the country since hosni mubarak was ousted as leader the election set to take place in june this year it had been seen by many as one of the front running liberal candidates. it was a broad more action on pressing issues in the home these appeared to be the most popular demands from americans for their presidential candidates these days they're a half mistakes to the streets of new york then asking whether it's change that they can believe it. this year the us has the opportunity to elect a new president are they ready for radical change this week let's talk about that changing that much i just don't think is realistic at all we don't move that quickly it's not the way our system works and it will move in different directions over time but i don't think it's going to happen do you think that's a detriment to us that everything takes so long. maybe but it's the way the system works and i think that those checks and balances in the way that it mov

purchase it will rain or zero with a decision on that expected before the end of the month and say mohamed el marandi from the university of tehran says a war with iran would engulf the whole region. it is really the americans that are being provocative they are trying to make ordinary iranians suffer at the same time you see senior american officials and politicians constantly calling for the assassination of iranian scientists of iranian military commanders of politicians and the constant threat of attacking and bombing the country so really the problem lies with the united states the maneuvers in the persian gulf are basically to show the united states iran is strong and can protect themselves and it is basically the only way in which to force the united states to recognize that certain lines just simply shouldn't be crossed if the americans and its allies try to make the iranian economy suffocate the iranians will have no option but to respond in a sea of severe manner this is a region where an extraordinarily large amount of oil and gas. goes through and if there is insecurity in the reg

have followed it is here in toppling its leader now the former head of the un's nuclear watchdog mohamed el baradei called off his bid for presidency there he had been seen by many as the front running liberal candidate one of gyptian commentators says that el baradei is sending a message to the old regime has never really gone away. stance to to not run for presidency and withdrawing his candidacy is an extension to stand during the mubarak rule where he refused to be a presidential candidate in light of corruption so what he actually means by withdrawing his candidacy is to send a message out that the regime has still not fallen and that the scaf are mubarak's extension and that the regime is extremely corrupt and so he hopes to bring light to the fact that nothing has changed in the regime he didn't have much of a chance under the current regime because it's still the same chances as he had during the mubarak regime the military wants to maintain control over every aspect of egypt's political life there's a campaign called has a boon which means they're liars which shows how the military

about the fed at its next meeting even though it's run out of bullets according to people like mohamed el area and the c.e.o. of pimco the largest bond fund in the world at least that's what he's what he told me when i talked to him and interviewed him on friday and as a side note i do want to say the reason i say most likely it won't matter who is u.s. president when it comes to the fed is because there is one hitch we know wrong paul wants to abolish the fed entirely so that's a wild card there but here to tell us what the cost of all this money printing has been investment advisor first pick up pacific capital mike shad locke is here he's better known as mish he also writes a very popular blog global economic trend analysis is going to break it all down for us miche nice to see you thanks for being on the show it always a pleasure to be on the show right back atcha so let's talk about this because the fed has tripled the size of its balance sheet in the last three years trying to stimulate the economy which you can see i want to show our viewers again has expanded the base money supply

mohamed el erian is writing about it today in the wall street journal the headline is investing in a fat tail world if we can bring it out just to show people what that looks like there it is investing in a fat tail world now it also makes sense to talk about this because this has everything to do with his paranormal world that our guest gonzalo lira is talking about why people are trying to move their money and to save their money and what people are trying to avoid so what exactly is a fat tail let's talk about how it plays into this paranormal scenario so that tail is a probability distribution whose outcomes are represented as thick and or tails that form towards the edges of the distribution curve indicating and irregularly high likelihood of a catastrophic event now the risk associated with these types of distributions is referred to as tail risk it's the risk of what's going on out here which represents an event with a relatively low probability of occurring but whose outcome carries a disproportionately high impact so in a normal distribution which you can see right here ok t

currency the yen the euro the dollar in august i know it's been a little while since i was struck by mohamed el area and the c.e.o. of pimco in an interview he of course being the largest bond fund in the world he was saying g three currencies all have issues we no longer look at terms of in terms of the cleanest shirt we look at which is the cleanest dirty shirt. do you agree and we're going to save the dirtiest of these shirts yes sure i mean of course it's easy it's sort of an easy thing to say but i would say the same thing about politics people say well we vote for the candidate you vote against the not for a candidate and i think it's really rather how you how you can come up with a pretty phrase for headlines but i think in substance it's true currency markets are relative value i would say that the u.s. macro economic fundamentals look better than japan and the euro zone here's another example the japanese are having version of quantitative easing they're expanding the bank of japan is expanding its balance sheet it's not just by the risk free asset like japanese government bonds but th

look, bill gross, i have nothing but admiration for him and the guy that he works with, mohammed el iran is his name. p myoco is a great organization and a bright guy. ron paul is not going to be the president of anything, and if you go and it's -- a couple of ideas he has that there's enough that somebody with like, but if you go anything deeper, some of the stuff is really disturbing and real out there. i -- i'd declare -- i wouldn't declare him out of the mainstream. i'd declare him way out of the mainstream. nice affable guy. >> does it make you think twice that people will say, all right, well if mitt romney doesn't have what it takes, you get a lot that have establishment money and support would be willing to back someone like a rick santorum, obviously more so than they would a ron paul, but willing to do that, david frum? does that surprise you at all? >> i don't believe it's true. i think that ron paul -- that ron paul is going to dwind. i think mitt rom i? going to go here from strength to strength. have you to understand that ron paul's economic views are -- he's essential lay

look, bill gross, i have nothing but admiration for him and the guy that he works with, mohammed el iran is his name. >> yes. >> pimco is heck of an organization. he's a bright guy. i agree with david frum, ron paul is not going to be the president of anything, and if you go and it's -- a couple of ideas he has that there's enough that somebody with like, but if you go anything deeper, some of the stuff is really disturbing and real out there. i -- i'd declare -- i wouldn't declare him out of the mainstream. i'd declare him way out of the mainstream. nice affable guy. >> does it make you think twice that people will say, all right, well if mitt romney doesn't have what it takes, you get a lot that have establishment money and support would be willing to back someone like a rick santorum, obviously more so than they would a ron paul, but willing to do that, david frum? does that surprise you at all? >> i don't believe it's true. i think that ron paul -- that ron paul is going to dwindle. i think mitt romney is going to go here from strength to strength. have you to understand that ron pau

it is pretty revealing, a comment made a couple of years ago by mohamed el baradei. as he noted, a large percentage of the materials reported as lost or stolen car never recovered and, perhaps, even more alarming, he added, a large percentage of materials which are recovered have not been previously reported as missing. so if terrorists succeeded in blowing up a large city somewhere in the world the result would be catastrophic. the human toll of hundreds of thousands dead and injured and disruptions to global commerce and confidence and long-term environmental and public health consequences and improbable new limits on civil liberties worldwide. what can we do to prevent it? we believe that we are giving an important part of that answer here today. we hope that this index will help individual countries as well as the international community to set priorities and to determine what steps must be taken to better secure the materials that could be used to build the bomb. we start by taking a broad view of security, working with the independent group of international exp

llevÓ una derrota ante lakers, kobe bryant anotÓ 14 puntos rompiendo rachas de 4 partidos, el Ídolo del boxeo mohamede igualdad de razas, y ya lo que felicito por su cumpleaÑos, a cuauhtÉmoc blanco y hector moreno, felicidades, continuamos con mÁs de "primer impacto." >>> felicidade a todos, un niÑo con alma de guerrero, conmoviÓ a nuestra audiencia, una biacicletae rehabilitaciÓn era su esperanza, para llegar a caminar, gracias a la generosidad de ustedes nuestros televidentes la tiene en sus manos, veamos. >>> en la vÍspera de navidad, el ruego de una madre nos sacudiÓ el corazÓn. >>> es el mejor regalo que recibÍ en mi vida, si mi hijo el dÍa de santa puede estar donde quiera que estÉ. es su bicicleta. tÚ bicicleta. >>> nuestros televidentes respondieron al llamado, cuando vieron a anthony con parÁlisis cerebrar, que no puede caminar, manejando un triciclo prestado. >>> ahora le haremos su sueÑo realidad, le ayudarÁ en sus terapias. >>> hola. >>> hola. anthony. mira. bien, gracias. (risas) >>> hola mi amor. >>> cÓmo te sientes de recibir el triciclo para tu hijo? >>> no tengo palabras para agradec

en el mundo del boxeo estÁ de cumpleaÑos una de las figuras mÁs destacadas del boxeo, mohamed ali, quienomo el deportista de la dÉcada. >> y sigue adelante, ya regresamos. >> muy buenos dÍas, mi nombre es nino, mandando un saludo a toda la gente de amÉrica, un saludo muy grande caluroso. ♪ >> saluditos! >> saludos a nuestra gente. >> saludos a la gente de houston. >> y llegan mensajes, opinando la gente sobre si habÍa sido casualidad, hay gente que dice que no. >> una falla humana. >> hay una serie de rachas, de casualidades y conciencias, por ejemplo los actores que han interpretado el personaje de superman desafortunadamente se dice que pasaron por cosas cromÁticas, pero hay como que esas cosas que quedan marcadas. >> regresamos a -empezamos a buscar una explicaciÓn, pero lo que sÍ puede suceder es lo siguiente, obviamente hay alguna responsabilidad humana, pero a veces uno se programa las cosas, y estas cosas pueden haber programado negativamente a este capitÁn. >> los pasajeros comentaban que mientras se realizaban estas fotos, muchos de los pasajeros se quisieron involucrar. >> algo