Bloomberg, Released on 12/30/21
Mohamed El-Erian, a Bloomberg Opinion columnist, sees “trifecta” of risks facing the U.S. economy going into 2022. He speaks on “Bloomberg The Open.”
Part 1 (part 2 below)
Part 2
Mohamed El-Erian, a Bloomberg Opinion columnist, says the Federal Reserve is still “way too stimulative” and behind the curve.
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.
El-Erian Sees ‘Trifecta’ of Risks Facing U.S. Economy added by Herman James on
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Relax, El-Erian: the Fed is just a lot of BS talk and will not raise interest rates, it is already too late.
You’re probably right. If there’s one thing we know about the people running the Fed it’s that they’ve got the back of the wealthiest .00001% and won’t do anything to upset their precious asset bubbles.
Absolutely. We’ve already been through the biflation phase and now we are in the full everything inflating. Going forward, we are risking the crackup boom, unless credit is withdrown drastically and I believe the Fed cannot do it because the economy would end in recession/depression/public revolt. It is a very dangerous (for the entire world) situation that the greedy elite has brought us into.