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Mohamed A. El-Erian
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Mohamed A. El-Erian is Chief Economic Advisor at Allianz and member of its International Executive Committee, Chair of President Obama’s Global Development Council, Author of “When Markets Collide,” and former CEO/co-CIO of PIMCO.

Entries by Mohamed A. El-Erian

Will Russia Sanctions Push Europe Back into Recession?

(6) Comments | Posted March 27, 2014 | 11:00 AM

Mohamed A. El-Erian is the former CEO and co-CIO of PIMCO. He serves on the International Executive Committee of Allianz and is chief economic advisor to the Board of Management, chair of President Obama's Global Development Council and author of the NYT/WSJ bestseller "When Markets Collide."

BRUSSELS --...

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Why Equities Sold Off Despite a Dovish Fed

(0) Comments | Posted March 19, 2014 | 5:19 PM

On the surface, you would have thought that the stock market would have liked the outcome of the Federal Reserve meeting; and you would have expected that front-end interest rates would have been relatively well anchored. Instead, equities sold off while the yield curve flattened as a result of a...

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Downton or House of Cards: Sequential or Batch TV Releases?

(5) Comments | Posted March 19, 2014 | 11:53 AM

Other than sports and news programs -- along, of course, with our daughter's favorite shows -- I am not a big television watcher. Having said this, I felt quite left out a few weeks ago when, on the road, I received several e-mails about two shows that I am hooked...

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Economic Realities Can De-Escalate Ukraine Crisis

(32) Comments | Posted March 17, 2014 | 10:12 AM

Mohamed A. El-Erian is the former CEO/co-CIO of PIMCO, the global investment management firm. He is chief economic advisor at Allianz and member of its International Executive Committee, chair of President Obama's Global Development Council and author of the NYT/WSJ bestseller "When Markets Collide." Foreign Policy named him one of...

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A Well-Balanced Slate for the Federal Reserve

(0) Comments | Posted January 13, 2014 | 8:06 AM

Given Friday's surprising employment report, it is understandable that the other big announcement that day -- the one pertaining to governors for the Federal Reserve -- attracted a lot less attention. Yet the news is more consequential for the economy and markets. It is also good news.

Last Friday, President...

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Extending Unemployment Benefits Makes Good Economic Sense, Too

(195) Comments | Posted January 5, 2014 | 5:46 PM

Our lawmakers will be debating this week the emergency benefits received by the long-term unemployed. There are solid economic and social arguments in favor of restoring these important benefits that lapsed on December 28 for 1.3 million Americans.

The social case is clear.

The long-term unemployed are among the most...

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Fed Taper Begins -- What Happens Next?

(39) Comments | Posted December 18, 2013 | 5:20 PM

Investors have responded favorably to the outcome of today's highly-anticipated Federal Reserve policy meeting, and rightly so. Here are four key takeaways that speak to more than this afternoon's impressive market moves; they also shed light on what may be ahead.

First, the Fed...

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South Africa's Inspirational Goodbye to Nelson Mandela

(1) Comments | Posted December 15, 2013 | 9:32 AM

Note: Having already shared with you my thoughts on Nelson Mandela, I had not intended to do so again. But that was before this morning's moving burial...

All this week, dignitaries and everyday folk have been bidding their goodbyes to one of the world's most inspiring...

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The World Has Lost a Great Man in Nelson Mandela

(26) Comments | Posted December 5, 2013 | 4:08 PM

Today is an extremely sad day. Nelson Mandela, one of the world's most courageous leaders, has passed away. South Africa -- indeed, the whole world -- is saying goodbye to a great human being and an incredible inspiration.

I am among the millions around the world who feel a deep...

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What to Make of the Fed Minutes

(8) Comments | Posted November 20, 2013 | 5:04 PM

The minutes released Wednesday by the Federal Reserve are a must-read for those interested in the complexity of modern central banking--if only for the striking contrast between the milquetoast discussion of the economy and the many policy and market complexities.

There is little that is new or noteworthy...

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CEO Lessons From Obamacare

(80) Comments | Posted November 18, 2013 | 4:43 PM

CEOs and other leaders, in the corporate world and beyond, should do more than follow the news on the Affordable Care Act (ACA or Obamacare). They should also ask themselves what they would do if they were in President Obama'a shoes. After all, several generic parts of this drama add...

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How Long Will the Fed's Elixir Last?

(100) Comments | Posted October 30, 2013 | 6:35 PM

By maintaining an unchanged policy stance, the Federal Reserve delivered on consensus market expectations. The question now is: How long will this sustain the mix of financial conditions that the Fed and investors desire, and -- most importantly -- is needed to improve job prospects given the extent...

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What Follows This Congressional Deal?

(216) Comments | Posted October 16, 2013 | 7:13 PM

The good news -- and it is very good news -- is that Congress seems to have finally struck a deal that would reopen the government and dodge a debt default. In doing so, lawmakers have avoided (at least for now) a crisis of their own creation that would have...

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Newspaper Headlines, for Once, Capture Nearly All

(26) Comments | Posted September 29, 2013 | 3:48 PM

It is not often that a daily newspaper is able, in just one edition, to capture so many previously-unlikely domestic developments. Yet Sunday's Washington Post, which luckily I picked up for the U.S. Airways flight I was about to board -- comes very close. And it does so with a...

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A Football Fan's Reaction to Renewed Congressional Dysfunction

(156) Comments | Posted September 21, 2013 | 6:13 PM

There was a time that I would find myself happily supporting the New England Patriots -- except, that is, when they would play my beloved New York Jets who are in the same division (AFC East). Once we got to the post-season, I would dutifully and unambiguously line up behind...

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Have No Doubt, Markets Depend on the Fed

(201) Comments | Posted September 18, 2013 | 6:44 PM

This week should remove any doubt about whether markets are highly dependent on the Fed. They sure are. Indeed, you could not have constructed better conditions for a controlled experiment. Yet, ironically, the medium-term investment stakes are now higher.

There's been no major economic news this week to speak of....

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Syria: Investors Have "Feelings," Markets Do Not

(39) Comments | Posted August 30, 2013 | 3:15 PM

I've been asked several times in the last few days about how markets "feel" about a possible strike on Syria. In responding, it's important to distinguish between individual market participants and markets as a whole.

Investors have "feelings" on the issue -- how couldn't they given the enormous human suffering...

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Spanx Billionaire Founder Redefines Failure and Inspires Others

(89) Comments | Posted August 25, 2013 | 9:49 PM

If you haven't already done so, I would strongly suggest that you become familiar with the story of Sara Blakely, the founder of Spanx. Not because she is said to be the youngest self-made female billionaire ever, and not because of an amazing business success that runs counter to conventional...

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Investors View Emerging Markets Through Jaundiced Eyes

(55) Comments | Posted August 22, 2013 | 9:00 PM

The investment narrative for emerging markets has shifted, markedly and rapidly.

Having been viewed until recently as a promising destination for investors, the asset class is now experiencing significant outflows. And, having been previously characterized as reliable engines of global economic growth, emerging economies are now seen as more volatile...

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We Can Close the Gap Between the American Dream and Reality

(572) Comments | Posted August 17, 2013 | 11:08 PM

In a recent interview, I was asked about the growing gap between "the American dream and the American reality." It was a great way to frame a conversation that too many families are having at their dinner table... and not to whine but, rather, for a better future.

For too...

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