CNBC, Released on 1/28/21
Mohamed El-Erian, economic advisor at Allianz and Gramercy and president at Queens College, Cambridge, joined “Squawk Box” on Thursday to discuss the current market madness surrounding certain stocks such as GameStop. El-Erian lists four reasons for his concerns.
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.