Recession or Not? El-Erian Looks Ahead to 2013

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Dec. 18 (Bloomberg) -- Mohamed El-Erian, chief executive officer and co-chief investment officer of Pacific Investment Management Co., and Mark Zandi, chief economist at Moody's Analytics, talk about the outlook for the U.S. economy and housing market. El-Erian also talks about Japan and European Central Bank monetary policy. They speak with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)