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Pimco's El-Erian: 'Fed taper is not probable this year'

Thursday, 19 Sep 2013 | 12:41 PM ET

Mohamed El-Erian, Pimco, discusses why he was just as surprised as everyone else by Fed chair Ben Bernanke's decision to not taper. "Markets react a lot quicker than the real economy" says El-Erian.