• Podcast link: FYI, the Q&A conversation with Yousef Al Otaiba, UAE Ambassador to the United States, on the global #economy, #markets and international #trade and #finance. Link #centralbanks #investing #investors #economics @UAEEmbassyUS @UAEUSAUNITED #uae
    Mohamed A. El-Erian Tue 04 Aug 2020 13:17

    The economic shutdown caused by the pandemic and the ongoing disruptions will demand ongoing and complex interventions by international institutions, central banks, and national governments. Many people will require sustained economic relief simply to survive. Until a vaccine is proven effective, measures must be taken to ensure the ongoing health, safety, and economic productivity of our society.Host Yousef Al Otaiba, UAE Ambassador to the United States discusses economy with the Chief Economic Adviser to Allianz, Mohamed El-Erian. El-Erian shares his views on why the recovery will require global cooperation, why markets continue to perform despite the drop in economic output, what characteristics to watch for when investing in equities, and the impact of the quickly deteriorating relationship between the United States and China. Don’t miss this insightful and informative episode with one of the foremost global economic leaders.This material is...

  • .#Gold nears $2,000 an ounce this morning as yields on government #bonds continue to fall and #investors expand their search for additional risk mitigating assets. (The #crypto space has also benefited, albeit somewhat less consistently, with #Bitcoins trading at over $11,000.) https://t.co/1cJulYq8KW
    Mohamed A. El-Erian Tue 04 Aug 2020 12:42
  • With Big #Tech #stocks now seen delivering everything to everyone-- including both growth and defensive attributes --the year-to-date #NASDAQ's out-performance relative to the Dow Jones is now almost 30 percentage points (almost 20 percentage points relative to the S&P). #markets https://t.co/0onAxZGUDQ
    Mohamed A. El-Erian Tue 04 Aug 2020 11:52
  • The @WSJ's @SerenaNgWSJ and @NickTimiraos on how the @FederalReserve became the "backup lender to the world." Link #centralbanks #fed #economy #markets https://t.co/fFkF0M91dN
    Mohamed A. El-Erian Tue 04 Aug 2020 11:32

    When the coronavirus brought the world economy to a halt in March, it fell to the U.S. Federal Reserve to keep the wheels of finance turning for businesses across America.

    And when funds stopped flowing to many banks and companies outside America’s borders—from Japanese lenders making bets on U.S. corporate debt to Singapore traders needing U.S. dollars to pay for imports—the U.S. central bank stepped in again.

    The...

  • .#Argentina has announced a consensual restructuring with its bond creditors--an important accomplishment in the country's multifaceted efforts to ensure sustainably high growth and lasting poverty reduction while also avoiding a repeat of too many decades of boom-bust financing. https://t.co/qlWMofN4ts
    Mohamed A. El-Erian Tue 04 Aug 2020 11:17
  • FYI, clip from this mornings conversation with Scott Wapner on CNBC’s Squawk Box. Link #economy @CNBC @SquawkCNBC @ScottWapnerCNBC @BeckyQuick @andrewrsorkin @JoeSquawk
    Mohamed A. El-Erian Mon 03 Aug 2020 22:56
    Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" to discuss how he thinks the markets may recover, the role of the Fed in the markets and the uncertainty surrounding consumer behavior.
  • US July ISM beats consensus expectation, coming in at 54.2 versus 53.6 expected and some two pints higher than June. Composition is pretty good with a notable exception: the employment component. This will add to what is a widening range of projections for Fridays’s jobs report Link
    Mohamed A. El-Erian Mon 03 Aug 2020 14:10

    You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

  • Here comes today US economic data. They follow the (slightly) improving data across Europe per this morning’s PMI (Chart from @FerroTV below). @BloombergTV https://t.co/yO2HtwDFhU
    Mohamed A. El-Erian Mon 03 Aug 2020 13:50
  • RT @CNBC: “What’s happening to people’s willingness to spend?” @elerianm says. When people receive another round of $1,200 checks, “will th…
    Mohamed A. El-Erian Mon 03 Aug 2020 12:30
  • Companies will tell you that their prospects depend on BOTH the ability to operate AND the willingness of customers to engage. A healthy re-opening process is key for the two to coincide in this period of "living with #Covid." For details: Link @bopinion
    Mohamed A. El-Erian Mon 03 Aug 2020 11:50
    Mohamed A. El-Erian is a Bloomberg Opinion columnist. He is the chief economic adviser at Allianz SE, the parent company of Pimco, where he served as CEO and co-CIO. He is president-elect of Queens' College, Cambridge, senior adviser at Gramercy and professor of practice at Wharton. His books include "The Only Game in Town" and "When Markets Collide."
  • Per this from @YahooFinance , the data week has started with relatively positive numbers from #China and #Europe pointing to: The bounce in economic activity there; and The economic out-performance relative versus the US for now. Much will depend how the virus evolves from here. https://t.co/9Aw8VgIejY
    Mohamed A. El-Erian Mon 03 Aug 2020 10:15
  • RT @economics: The virus and economic numbers are worrisome, but a concerted effort from government and the private sector can turn them ar…
    Mohamed A. El-Erian Mon 03 Aug 2020 10:00
  • GM. Wishing you all a good week. Agreement on why the #dollar has depreciated is accompanied with disagreement on the so what--especially after the 10% drop since March and July's 5% loss versus the Euro: A positive for #markets and the #economy but concern about secular status https://t.co/HaobEjAOcm
    Mohamed A. El-Erian Mon 03 Aug 2020 10:00
  • The window for the US to pursue healthy re-openings is closing. Based in part on what last week's data told us, here's why and how to reconcile health and economic priorities in this period of "living with #Covid-19." Link @bopinion #economy @markets @economics
    Mohamed A. El-Erian Mon 03 Aug 2020 00:49
    Mohamed A. El-Erian is a Bloomberg Opinion columnist. He is the chief economic adviser at Allianz SE, the parent company of Pimco, where he served as CEO and co-CIO. He is president-elect of Queens' College, Cambridge, senior adviser at Gramercy and professor of practice at Wharton. His books include "The Only Game in Town" and "When Markets Collide."
  • The @FT on what's at stake for the US #economy as #Congressional - #WhiteHouse negotiations continue. Link #jobs #employment #unemplyment #Congress https://t.co/zJpBkPmm4B
    Mohamed A. El-Erian Mon 03 Aug 2020 00:39
  • RT @bopinion: The virus and economic numbers are worrisome, but a concerted effort from government and the private sector can turn them aro…
    Mohamed A. El-Erian Sun 02 Aug 2020 23:44
  • Educators/administrators are working very hard to figure out what to do with the upcoming start of school/university. Some have opted for a physical option; others for virtual or hybrid. All are struggling with very difficult trade-offs as discussed here: Link https://t.co/98J11n21EM
    Mohamed A. El-Erian Sun 02 Aug 2020 19:59

    This is my choice, but I’m starting to wish that it wasn’t. I don’t feel qualified. I’ve been a superintendent for 20 years, so I guess I should be used to making decisions, but I keep getting lost in my head. I’ll be in my office looking at a blank computer screen, and then all of the sudden I realize a whole hour’s gone by. I’m worried. I’m worried about everything. Each possibility I come up with is a bad one.

  • 2 of 2 ... for Lots of economic activity data, including for #China (e.g., #trade), #Europe (industrial production) and the #US (#manufacturing); Central Bank policy meetings in #Australia and the #UK; and More corporate #earnings. #economy #markets #centralbanks
    Mohamed A. El-Erian Sun 02 Aug 2020 18:39
  • 1 of 2 A busy week ahead for the global #economy and #markets includes the monthly US #jobs report (providing the most comprehensive picture of the labor market as of mid July) and Congressional deliberations on additional relief measures -- more on both to follow Also look ...
    Mohamed A. El-Erian Sun 02 Aug 2020 18:34
  • ... and here it is. https://t.co/GoqwDrrO5u
    Mohamed A. El-Erian Sun 02 Aug 2020 05:09
  • Evening family walk. Will be another spectacular moon tonight. https://t.co/cHJgxNGQPB
    Mohamed A. El-Erian Sun 02 Aug 2020 03:13
  • .#Fed's inability to meet its inflation objective has led some to advocate more aggressive monetary policy and even raising the inflation target (to also impact inflationary expectations). Less discussed and researched is the possibility of the target being structurally too high. https://t.co/uaV1wr9QLZ
    Mohamed A. El-Erian Sat 01 Aug 2020 22:53
  • The radio weekly conversation on the #economy and #markets with @frankmottek on @KNX1070 , our Southern #California news radio station. Thank you Frank! Link @MottekOnMoney #stocks #bonds #jobs #employment #unemployment #GDP #growth #gold #dollar
    Mohamed A. El-Erian Sat 01 Aug 2020 21:23
  • On both weekdays and weekends, our amazing pup is under my desk keeping me lovely company. Thank you Bosa!!!! https://t.co/uLXLsqTVmH
    Mohamed A. El-Erian Sat 01 Aug 2020 20:48
  • .@markets on how exceptionally loose monetary policy has become the unifying theme for #markets...helping to--and pls pick the word(s) you feel are most appropriate--explain/influence/boost/distort asset prices. (I pick all four). Link #stocks #bonds #gold #usd https://t.co/rITdub1mc5
    Mohamed A. El-Erian Sat 01 Aug 2020 20:23

    Gold is rallying, a time-honored sign of gloom. But speculative companies in the stock market are also surging, signaling faith in an economic turnaround. Then there’s the dollar, which just had its worst month in a decade.

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