Mohamed A. El-Erian

Mohamed A. El-Erian


Chief Economic Adviser, Allianz. Author of NYT bestsellers "When Markets Collide" and “The Only Game in Town.”

386334 followers  •  885 follow  •    •   https://t.co/VyDNpr6LI5

From The Economist: “The frontier between technology and finance may end up as the most revolutionary: the creation of government digital currencies.” #blockchain  #crypto  #cryptocurrencyc #bitcoin #btcr  @TheEconomistrency 

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One of the clips from today's panel conversation on @BloombergTV  post #jobs  report. Thank you @FerroTV  for having me on your show. Wishing you all a lovely weekend. #economy  #markets  #jobs  #employment  #unemployment  #fed  #FederalReserve  @markets  @economics 

This @WSJ  chart illustrates the 8 million figure that @federalreserve  officials often refer to, including in judging the extent of "substantive progress" in meeting the #employment  component of its mandate. Today's #jobs  report shocker highlights some of the complexities involved

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Quite a roundtrip for the yield on 10-year US government #bonds : After a precipitous drop in reaction to the record data miss in this morning's #jobs  report, yields have come all the way back. They're currently very slightly up on the day. More on this to follow #economy  #markets 

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I wish you all an enjoyable weekend at the end of an interesting week in which US #stocks  closed at new highs. (Photos from a quick late afternoon walk in #Cambridge . The seemingly endless zooms end up being more exhausting than I would have expected.) #cambridgeuniversity 

@markets  on "Reflation, Inflation, Deflation: Stocks Can Live With Everything" The one thing that hasn't varied through all this: The ample of predictable provision of central bank liquidity, and the powerful conditioning of #market  that it has engendered

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The @WSJ  on how #Unemployment  Benefits [have] Become Target Amid #Hiring  Difficulty." The debate has heated up after yesterday's US #jobs  report. Having said that, and as I will detail in my Monday@bopinion  post, there are also other factors in play.

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A nice way to use an old telephone box ... and a pleasant way to announce a speed bump.

This attack and resulting disruptions/uncertainties raise several interesting issues, including from the vulnerability of some essential infrastructure to the fragility of broader supply chains. #economy  #infrastructure  #supplychains 

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Happy Mother's Day to all mothers out there. Thanks for all you do On this special day, I remember my mom who passed away in December. A remarkable woman in so many ways, she always put her kids first--providing us guidance, courage ,and inspiration. Thank you, Nadia, for so much

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If you have a few minutes, may I please ask you to read this (link below)? This is only the second time since I've been tweeting that I make such an ask...and do so because,by being informed about what's ahead, we stand a better chance of responding better

Judging from the images on the news of large crowds in public spaces, the next few weeks’ infection/hospitalization numbers out of some US states will shed light on the following: either we are re-opening with insufficient health safeguards or the lockdown was a big overreaction.

What if it's not just the risk of "zombie companies" eroding the productivity and dynamism of the economy...but also zombie #markets  mis-pricing risk/mis-allocating capital due to heavy official intervention? There are better ways to help people and minimize future hits to growth

This @FT  chart place in historical context the recent surge in US margin #debt  in the midst of very low interest rates and ample liquidity. #markets .

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@warrenbuffet  on Why he's not buying stocks in size: sensitivity to tail events and the '08 reminder "we don't see all the problems the first day." On whether others should buy now: Only if you expect to hold for a long time and are financially and psychologically ready to do so

The strong get stronger and the rich get richer while the weak get weaker and the poor struggle more. A larger disparity of wealth is one of the many awful outcomes of the #covid  economic shock, a great unequalizer which is also worsening the inequality of opportunity and income.

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Worse than expected drop in US Q-1 GDP — at minus 4.8% —is indicative of the huge economic hit. With the shut down not reaching critical mass until the start of the fourth week of March, quick back of the envelope calculations suggest the Q-2 contraction could be as large as 40%

The #Archegos  drama involves a classic mix of massive leverage, concentrated positions, derivative overlays, forced deleveraging and distressed sales Pain has been felt so far only in a handful of stocks. What happens next depends on remaining sales and related contagion channels

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May I please ask you a favor? May we all make a point of thanking those who continue to show up to work and allow various services and production processes to continue? From our stores and banks to factories and the like, they are taking higher personal health risks for our sake,

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