What the hell is artificial growth?

Watching Mohamed El-Erian here on a CNBC video and he's talking about "artificial growth" turning to "real growth."

I guess he is referring to the period from 2008 to now because that's how long the Fed has been implementing its zero rate policy along with the asset purchases.




So my question is, what the hell is "artificial growth?"

Are the 100 million new vehicles that were produced and sold, "artifical?"
Are the 5 million new single family homes that were built "artifical?"
Was the $13 trillion in health care administered to people "artifical?"
Was the $13 trillion of food consumed, "artifically" consumed?

And gasoline?
And fuel?
And clothing?
And education?

And...and...and?

You get the picture.

Does El-Erian really think this only happened because the Fed lowered interest rates a few points? And if it hadn't, no one would have eaten? No one would have bought clothes? Houses? Fuel? Sought health care? Gotten an education? Etc, etc?

What an idiot. As is CNBC.

Do you see how this propagates a) a lie, and; b) a false belief? Then the public goes around saying stupid things like, "it's all artificial."

Moron this El-Erian. CNBC total dopes.

Mohamed El-Erian — How the platinum coin could work (or backfire)

Here's how the head of PIMCO sees TPC. (Does occupying that position qualify him as one of the chief bond vigilantes?) Anyway, he views the debt ceiling itself and TPC as indicative of a dysfunctional political system with potentially damaging economic implications in terms of confidence and expectations.

CNN Money | Term Sheet
How the platinum coin could work (or backfire)
Mohamed El-Erian