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
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Watch Floyd Mayweather turn $20,000 into a $101,250 poker win

Floyd Mayweather recorded a video of a successful poker session. The retired boxer, renowned for his “Money” nickname, played $US25 hands in “Ten Play Draw Poker” and somehow managed to scoop $US101,250. The winnings are mere pocket change for Mayweather as the American was used to collecting $US100 million cheques […]
Watch Floyd Mayweather turn $20,000 into a $101,250 poker win
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