Mohamed El-Erian
Mohamed El-Erian
Mohamed A. El-Erianis an Egyptian American businessman, chief economic adviser at Allianz, a multinational financial services company. He is the former CEO and co-chief investment officer at PIMCO, a global investment firm and one of the world's largest bond investors, with approximately $2 trillion in assets under management as of December 2013. PIMCO is a subsidiary of Allianz...
NationalityEgyptian
ProfessionEntrepreneur
Date of Birth19 August 1958
CountryEgypt
club complicate countries country efforts europe follow fragile hard imagine involve members rescue sovereign suit
It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to rescue countries in its periphery.
mistake two investment
Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?
political approval needs
The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an interest rate hike.
mistake should knows
Investors should invest on what they know. The biggest mistake is to invest on what they don't know.
waiting demand hey
As we spend more, and as companies are pushed to invest, they say, "Hey wait a minute! There's more demand in the system. Let's invest more."
risk world today
The world changes! So we're in a situation today where the only policymakers that have flexibility are central banks. But they don't have the instruments! So they've had to experiment, and the more you experiment, the more uncertainty and the higher the risk of collateral damage.
based best creates dynamic economy jobs love markets
The best and most sustainable love story for markets is one based on a healthy and dynamic real economy that creates jobs and opportunities for many more people.
dry investors simply
Simply put, investors should own less equities, more bonds, more global investments, more cash and more dry ammunition.
costs entry lower production whether
Falling entry barriers and lower access costs have significantly democratised participation, whether in production or consumption.
economies european next work
For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.