Because in the New Normal you are more worried about the return of your capital, not return on your capital. Mohamed El-Erian More Quotes by Mohamed El-Erian More Quotes From Mohamed El-Erian We should welcome and be relieved in relative terms, but markets should be prepared for...an uncertain and messy implementation process. Mohamed El-Erian company-news We are still on the path to a Grexit, at some point, this is going to create entry points for markets that are fundamentally supported. Mohamed El-Erian company-news I think the probability of an accident is now somewhat higher. I don't think we can just muddle through forever on Greece. Mohamed El-Erian company-news I wouldn't be surprised if this notion of the Fed having to be sufficiently confident about inflation creeps in as a way of keeping markets from rushing to the terminal value. Mohamed El-Erian company-news I believe that 'patient' is coming out, but we're going to see another round of quote 'linguistic gymnastics,' i wouldn't be surprised if this notion of the Fed having to be sufficiently confident about inflation creeps in as a way of keeping markets from rushing to the terminal value. Mohamed El-Erian company-news I think Friday was support for the view that the Fed will move either by or at September. So is it June, is it September, I think that's debatable, but it's pretty obvious that they are likely to move. Mohamed El-Erian company-news The biggest risk is this illusion of liquidity, the major concern is that you get a change in the paradigm, and then people discover that there isn't enough liquidity to reposition. Mohamed El-Erian company-news The biggest risk is this illusion of liquidity, history tells us that there isn't as much liquidity as people like to think there is when there is a major change in the market paradigm. Mohamed El-Erian company-news The global realignment is accelerating the migration of growth and wealth dynamics from the industrial world to the larger emerging economies. Mohamed El-Erian migrationwealthgrowthworld There seems to be no limit to the exciting possibilities that come from combining technical innovations, the Internet, and social media. Mohamed El-Erian limitsocial-mediainternetmedia After many decades of Disney movies, we have been conditioned to expect princesses to fall in love quickly with their charming princes and 'live happily ever after.' Mohamed El-Erian livemovieslovefall Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility. Mohamed El-Erian roadcardestinationpeople 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 problemsseethreework 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 decidegoodindependencepeople Simply put, investors should own less equities, more bonds, more global investments, more cash and more dry ammunition. Mohamed El-Erian moreowncashdry The best and most sustainable love story for markets is one based on a healthy and dynamic real economy that creates jobs and opportunities for many more people. Mohamed El-Erian storybestlovepeople Falling entry barriers and lower access costs have significantly democratised participation, whether in production or consumption. Mohamed El-Erian fallingcostsparticipationbarriers I suspect that any move in that direction would need to come with a massive fiscal backstop to protect the integrity of the Fed's balance sheets. Mohamed El-Erian They first paralyze the region of the virus outbreak, then they gradually spread domestically, undermining internal trade, consumption, production and the movement of The People. If the virus is still not contained, the process spreads further, including regionally and internationally by disrupting trade, supply chains and travel. Mohamed El-Erian
