Mohamed El-Erian, the Chief Economic Advisor at Allianz, has proposed a potential solution to the ongoing market turmoil.
What Happened: Drawing a parallel to the popular game show “Family Feud,” El-Erian shared what he believes the responses would be if 100 market participants were surveyed.
He suggested that the disorderly market selloff is due to concerns over U.S. growth, fears of another Federal Reserve policy error, poor market technicals, geopolitical tensions, and domestic politics.
As for the best circuit breaker, he proposed a 50 basis points September cut by the Fed, an emergency Fed cut, Fed verbal intervention, market bottom fishing, and administration verbal intervention. El-Erian wrote, “I would agree with the first and debate the second.”
Full story available on Benzinga.com
Mohamed El-Erian, the Chief Economic Advisor at Allianz, has proposed a potential solution to the ongoing market turmoil.
What Happened: Drawing a parallel to the popular game show “Family Feud,” El-Erian shared what he believes the responses would be if 100 market participants were surveyed.
He suggested that the disorderly market selloff is due to concerns over U.S. growth, fears of another Federal Reserve policy error, poor market technicals, geopolitical tensions, and domestic politics.
As for the best circuit breaker, he proposed a 50 basis points September cut by the Fed, an emergency Fed cut, Fed verbal intervention, market bottom fishing, and administration verbal intervention. El-Erian wrote, “I would agree with the first and debate the second.”
Full story available on Benzinga.com
Mohamed El-Erian, the Chief Economic Advisor at Allianz, has proposed a potential solution to the ongoing market turmoil.
What Happened: Drawing a parallel to the popular game show “Family Feud,” El-Erian shared what he believes the responses would be if 100 market participants were surveyed.
He suggested that the disorderly market selloff is due to concerns over U.S. growth, fears of another Federal Reserve policy error, poor market technicals, geopolitical tensions, and domestic politics.
As for the best circuit breaker, he proposed a 50 basis points September cut by the Fed, an emergency Fed cut, Fed verbal intervention, market bottom fishing, and administration verbal intervention. El-Erian wrote, “I would agree with the first and debate the second.”
For those who remember the game show Family Feud, here is …Full story available on Benzinga.com Read MoreKaustubh Bagalkote, Mohamed El-Erian, News, Global, Economics, Markets, News, Global, Economics, Markets, Benzinga News
