Mohamed El-Erian Quotations

For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.

If the Scottish people decide to opt for independence, it would not be a good idea for Scotland to maintain a very rigid link to the pound.

Falling entry barriers and lower access costs have significantly democratised participation, whether in production or consumption.

Simply put, investors should own less equities, more bonds, more global investments, more cash and more dry ammunition.

The global realignment is accelerating the migration of growth and wealth dynamics from the industrial world to the larger emerging economies.

After many decades of Disney movies, we have been conditioned to expect princesses to fall in love quickly with their charming princes and 'live happily ever after.'

The best and most sustainable love story for markets is one based on a healthy and dynamic real economy that creates jobs and opportunities for many more people.

Because in the New Normal you are more worried about the return of your capital, not return on your capital.

[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower.

Once you start moving [market] lower, then you trigger of all sorts of things. You trigger people who have to sell because they're over-levered. So they sell their winners and their losers. They're just trying to raise cash. So, what you then get is spreading malaise throughout the global markets.