Finance

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Author Archive

Mohamed A. El-Erian: The Global Economy: What the Next Three Years Will Look Like

Uncertainty, even of the unusual variety, does not -- and should not -- translate into investor paralysis.

Mohamed A. El-Erian: European Elections Complicate Outlook

Europe's election results sound an alarm for European integration and, consequently, the wellbeing of both the region and the global economy. Let us hope that the inevitable short-term volatility is a precursor to a more decisive effort to deal with the continent's festering problems.

Mohamed A. El-Erian: What the Return of Market Volatility Tells Us

The renewed volatility in stocks last week was due to conflicting signs of additional central bank liquidity support, both in Europe and the US.

Mohamed A. El-Erian: New Billionaire Index Reflects Competing Social Forces

Bloomberg's daily identification of the top billionaires could reinforce a trend where these individuals, and many others, allocate a growing portion of their wealth in a manner that helps society as a whole.

Mohamed A. El-Erian: Market Inconsistencies Can Be Explained — and Acted On

One of the challenges investors face today is how to reconcile seemingly conflicting messages coming from different markets. Is Dow 13,000 consistent with a 10-year U.S. Treasury at 2 percent and gold at almost $1,800? Is $125 Brent oil consistent with cyclically low implied volatility in many market segments, as well as widening CDS spreads...

Mohamed A. El-Erian: "Half-Time in America" Highlights Our Political Dysfunctionality

Viewed as a standalone, the controversy generated by the Clint Eastwood Superbowl commercial is really silly. Yet it points to something profound that has and, if left unaddressed, will continue to undermine America's ability to regain economic dynamism, create ample jobs, and deal with growing inequalities. It is yet another illustration of the deep political...

Mohamed A. El-Erian: Learning From Tomorrow’s Leaders

What some adults erroneously view as "just noise," many others see as legitimate and much-needed catalysts for raising awareness, fueling national debate and influencing better outcomes.

Mohamed A. El-Erian: Markets Balance Solvency, Growth and Liquidity

The health of the global economy, and that of markets, depends on the success of a series of medium-term hand-offs between the public and private sectors -- in growth, balance sheets and credit flows.

Mohamed A. El-Erian: Do Friday’s European Downgrades Matter?

The chatter on Friday's downgrades of European sovereign ratings debt is all over the place. Here is an attempt to provide a guide to the multifaceted implications.

Mohamed A. El-Erian: Noisy Election Campaign Is a Prelude to Partial Compromise

With the Republican caucus in Iowa and the New Hampshire primary, America has now officially embarked on the road to critical presidential and congressional elections in November. Whoever wins will have to lead and unite the nation in order to strike the correct balance in three key economic areas -- and it is possible to...

Mohamed A. El-Erian: A Make or Break Year?

Lots of things are coming together to give 2012 the feel of a make or break year -- a year that could well determine whether the world transitions to a better and more stable place or, instead, battles an even larger number of economic, political and social fires.

Mohamed A. El-Erian: Neither a Quick Nor Comprehensive European Fix

A week ago, markets were hoping that the combination of an ECB policy meeting and yet another Summit of European leaders would allow them to leave behind -- not for a day or a week, but for months and quarters -- the unsettling European cloud. Unfortunately, neither was decisive enough; and yet another golden opportunity...