5 ms·

Paywall. Can someone summarize what is Mohamed El-Erian saying?

• sp332 4y ago
  Markets have been trained to expect easy money from central banks, he said, and the “perverse effect” of that has been for “a significant chunk of global financial activity” to flood into asset management, private equity and hedge funds, among other less-regulated entities. The gyrations in markets since the easy money era ended this year can be understood as that significant chunk looking for a new home, investment-wise. It also links to Adam Tooze's article coining "polycrisis". https://adamtooze.substack.com/p/chartbook-130-defining-polycrisis https://adamtooze.substack.com/p/chartbook-130-defining-poly...
• ilaksh 4y ago
  "Very bad"
• frozencell 4y ago
  You'll own nothing.
  • weard_beard 4y ago
    Oh thank god, they shortened it.