Mohamed El-Erian tells us 3% growth is within reach in the US as long as it sidesteps 3 risks

Business Insider -

Business Insider—Allianz Chief Economic Adviser Mohamed El-Erian tells us he sees US economic growth reaching 3% on a sustained basis as long as policymakers stay the course.  "I see economic growth picking up toward the 3% level, if not beyond that, provided the economy continues to sidestep the triple risk of a major geo-political shock, a policy mistake, and a huge market accident," he said. El-Erian believes the Federal Reserve will raise interest rates three more times this year.  The US economy can...

A $470 billion investment chief at JPMorgan tells us 'the US is losing its fiscal discipline' — and he says that's huge risk for markets. The Federal Reserve is reducing its holdings of Treasury bonds at a time when the US government is about to ramp up issuance amid surging budget deficits.  Bob Michele of JP Morgan Asset Management, says he's closely watching the trend, but believes there will be enough overseas demand to prevent a crippling spike in US borrowing costs.  "There’s no doubt that what we’re seeing coming out of the budget, the US is losing its fiscal discipline, and you’ll see increased supply coming out of the...