Mohamed El-Erian Quotes

[when] The Market Is Trying To Get To Terms With, First, Lower Global Growth, Particularly Out Of Emerging Markets And China. And, Second, The Market Is Worried The Central Banks Have Run Out Of Ammunition. So Put These Two Things Together, And Then Investors Are Repricing The Market Lower.

If You Happen To Be The Only One With Negative Interest Rates, You Also Weaken Your Currency, Which Means You Make Your Exports More Competitive.

I Remember When I Was Growing Up, You Would Go To A Bank To Open A Deposit, And They'd Give You A Toaster. A Free Toaster. These Days, If You're A Company, And You Go To A Bank, They Could Easily Turn You Away! They Don't Want Your Deposits Anymore.

The Theory Is That If You Take Interest Rates Negative, People Are Going To Say, "that's A Silly Game! I'm Not Going To Lend My Money To Governments Who Want Me To Pay Them. I Am Going To Go Into The Stock Market Where I Can Get Positive Returns!"

The Once-unthinkable Loss Of The Aaa Rating Will Constitute A Further Hit To Already Fragile Business And Consumer Confidence.

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.

Today's Reports Confirm That, Unfortunately, Post-crisis America Is Still Not Back To Its Good Economic Self.

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.

As We Spend More, And As Companies Are Pushed To Invest, They Say, "hey Wait A Minute! There's More Demand In The System. Let's Invest More."

We Normally Think If You're Going To Lend Someone Money, You Should Get Some Reward For Doing This. In Europe, It's A Tax!

The One Instrument That Has Relative Political Autonomy Is Monetary Policy. Central Banks Do Not Need To Go To Congress To Get Approval For An Interest Rate Hike.

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.