Investors should be cautiously positioned as the global economy and markets face major uncertainties. The downgrade will be a further headwind to growth and job creation in the U.S. Mohamed El-Erian cautiouslycreationdowngrade Change image and share on social
If the Scottish people decide to opt for independence, it would not be a good idea for Scotland to maintain a very rigid link to the pound. Mohamed El-Erian decidegoodidea Change image and share on social
America's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance. Mohamed El-Erian americacallcoherent share on social
For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default. Mohamed El-Erian defaulteconomyeuropean Change image and share on social
As a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets. Mohamed El-Erian applyattemptclear Change image and share on social
Because in the New Normal you are more worried about the return of your capital, not return on your capital. Mohamed El-Erian capitalnormalreturn Change image and share on social
The once-unthinkable loss of the AAA rating will constitute a further hit to already fragile business and consumer confidence. Mohamed El-Erian aaabusinessconfidence Change image and share on social
The global realignment is accelerating the migration of growth and wealth dynamics from the industrial world to the larger emerging economies. Mohamed El-Erian acceleratedynamiceconomy Change image and share on social
It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to rescue countries in its periphery. Mohamed El-Erian aaaclubcomplicate share on social