Top Economist Mohammed El-Erian Warns Markets Got ‘Drunk on Support’
Markets got ‘drunk on support’ from central bank ‘BFFs’, and now he’s more comfortable keeping his fortune in cash.
Markets got ‘drunk on support’ from central bank ‘BFFs’, and now he’s more comfortable keeping his fortune in cash.
“Something is likely to break” as Friday’s US jobs report pushes the Federal Reserve to hold interest rates higher for longer, said Mohamed El-Erian.
Federal Reserve Vice Chair Michael Barr on Monday said the U.S. central bank should proceed "carefully" on monetary policy.
Charlie Munger says, 'If I can be optimistic when I'm nearly dead, surely the rest of you can handle a little inflation'.
Ray Dalio believes the United States is going to have a debt crisis and is closely watching the "risky" fiscal situation.
Ackman remains short bonds. Expects long-term rates to rise further amid increasing government debt, higher energy prices and shift to green power.
Bond investors’ pain isn’t over yet, even though the Federal Reserve is done raising interest rates, said Bill Gross.