Mohamed A. El-Erian
President, Queens' College, Cambridge Uni. Allianz, Gramercy advisor. Wharton Professor. Lauder Senior Fellow. Former Pimco CEO/co-CiO. Chair Cambridge Union.
عرض في 𝕏سلاسل التغريدات
Messages from the just-released #UK inflation numbers are similar to those from yesterday’s US data: Inflation is moderating; and The November fall is better than consensus forecas...
US CPI data comes in better than expected. Headline #inflation (MoM) rose 0.1% and core 0.2%, compared to consensus forecasts of 0.3% for both. Annual inflation down to 7.1% and 6....
The latest US services numbers provide yet another data confirmation that the #inflation process is still well-embedded in the economic system. Its drivers have moved from an isol...
Ever closer to 150: Pronounced yen weakness results from the sustained implementation of YCC (yield curve control) in the context of higher global yields Most assume that the polic...
.@BankOfEngland is off the sidelines with direct intervention in the government bond market: It just announced "temporary" purchases of long-dated UK #bonds. This for a central ban...
75 is the new 25 for now: Whether it is for the @BankOfEngland, @ECB, or the #FederalReserve, the #markets are now pricing in a significant probability of a 75 basis points hike a...
This news from the Bank of #Canada is sure to fuel a debate on whether the #Fed should do the same — putting it in an even worse lose-lose situation. #economy #markets #econtwitte...
Despite all the weekend talk of a US recession, the dollar index is stronger this morning—and understandably so. Exchange rates live in relative rather than absolute space where, a...
Think of this afternoon’s significantly higher #stocks and notably lower government bond yields as a sign of #markets welcoming a }Fed that is more serious about addressing high #i...
.@GoldmanSachs’s weekly index of US financial conditions tightened last week, a trend that continued today in a rather disorderly fashion. The change in the liquidity regime was al...
Given how massively under-exposed stocks I was going into this selloff, I dipped a toe in this afternoon via a small handful of high-beta names Do I think the selling is over? I su...
This type of selloff in #markets is consistent with the main driver being a “common global factor”—in this case, growing investor sensitivity to the scale and scope of the changing...