03/22/2013 08:22 am ET Updated May 22, 2013

Mohamed A. El-Erian: Here's The Critical Factor No One Is Talking About

BARCELONA - In recent months, the dichotomy between booming financial markets, on the one hand, and sluggish economies and dysfunctional politics, on the other, has loomed large. Yet insufficient attention is being devoted to a critical factor - time, and who controls it - that could well mean the difference between an orderly global resolution of today's growing inconsistencies and a return to a more troubled phase.

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