Mohamed El-Erian
Mohamed El-Erian
Mohamed A. El-Erianis an Egyptian American businessman, chief economic adviser at Allianz, a multinational financial services company. He is the former CEO and co-chief investment officer at PIMCO, a global investment firm and one of the world's largest bond investors, with approximately $2 trillion in assets under management as of December 2013. PIMCO is a subsidiary of Allianz...
NationalityEgyptian
ProfessionEntrepreneur
Date of Birth19 August 1958
CountryEgypt
economies european next work
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.
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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.
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Falling entry barriers and lower access costs have significantly democratised participation, whether in production or consumption.
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Simply put, investors should own less equities, more bonds, more global investments, more cash and more dry ammunition.
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The global realignment is accelerating the migration of growth and wealth dynamics from the industrial world to the larger emerging economies.
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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.'
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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.
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Because in the New Normal you are more worried about the return of your capital, not return on your capital.
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There seems to be no limit to the exciting possibilities that come from combining technical innovations, the Internet, and social media.
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Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.
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It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to rescue countries in its periphery.
running two growth
[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.
moving people trying
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.
thinking government long
How long can interest rates stay negative? Think about this. Not only are you lending your money to governments, but you're paying them interest for the privilege of doing so.