Allianz’s El-Erian: Financial Markets are not the Real Economy
Editors’ note: Very important interview. Key points. Mohammed El–Erian, chief economic advisor to Alliance, says the financial economy is overexposed to the world as we deglobalize. But the US real economy is, relative to finance, insulated from the rest of the world. El–Erian makes these points at the beginning of the 7 minute clip. 1. US consumer…