Bloomberg, Released on 3/17/23

"These little fires are getting to be messier."

Bloomberg Opinion's @elerianm says of today's markets https://t.co/Ig3Wfn34sp pic.twitter.com/3OOO0s7Lsy

— Bloomberg TV (@BloombergTV) March 17, 2023

Mohamed El-Erian is the President of Queens College, Cambridge and the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world’s largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His latest book is The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse.