Markets

Mohamed El-Erian says the Reddit war against Wall Street players has all the elements of the Arab Spring — and he understands where the anger comes from

Mohamed El-Erian said the Reddit-trader war on Wall Street has all the elements of the Arab Spring. “They coordinate leaderless, no leader at all. It works extremely well,” he said in an ABC News interview. Inequality of wealth, income, and opportunity were the main reasons behind retail investor fury, he […]
Mohamed El-Erian says the Reddit war against Wall Street players has all the elements of the Arab Spring — and he understands where the anger comes from
Markets

Mohamed El-Erian says Biden will face a complicated transfer of power — and outlines 4 policy goals for the Democrats in their efforts to tackle COVID-19

President-elect Joe Biden will go through a complicated transfer of power while the US economy struggles to deal with efforts to tackle COVID-19, economist Mohamed El-Erian told CNBC. El-Erian said Biden’s administration should not look at COVID-19 fiscal policy simply as a relief bill, but should address four major objectives […]
Mohamed El-Erian says Biden will face a complicated transfer of power — and outlines 4 policy goals for the Democrats in their efforts to tackle COVID-19
Markets

Bankruptcy risks pose the greatest threat to the stock market’s rally to near-record levels, famed economist Mohamed El-Erian says

A wave of corporate insolvencies has the best chance at dragging stocks from their lofty prices, Mohamed El-Erian, chief economic advisor at Allianz, said Monday. Investors have looked through US-China tensions, stretched valuations, stimulus delays, and surging COVID cases in recent weeks to push stocks higher. “You have a very […]
Bankruptcy risks pose the greatest threat to the stock market’s rally to near-record levels, famed economist Mohamed El-Erian says
Markets

Mohamed El-Erian compared coronavirus stimulus packages to a poker game, and warned policymakers going ‘all in’ could backfire

Global economic stimulus packages have rapidly been used in the fight against the coronavirus pandemic, but an “all in” approach is not sustainable, famed economist Mohamed El-Erian told IFC Insights in an interview. El-Erian compared emergency government interventions to a poker game and said an all-in approach works well for […]
Mohamed El-Erian compared coronavirus stimulus packages to a poker game, and warned policymakers going ‘all in’ could backfire