Mohamed El-Erian – Twitter, Released on 4/11/22

The breakdown in the textbook bond/stock correlation is not new. It was evident when the #Fed was injecting massive liquidity with both asset class prices going up at the same time.
Now the process is reversing as the liquidity paradigm changes, robbing investors of a safe haven. pic.twitter.com/fNNcCOb41Y

— Mohamed A. El-Erian (@elerianm) April 11, 2022

Mohamed El-Erian is 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.