In an article for Worth this summer, which has recently gone viral , El-Erian explains that he decided to step down after his daughter listed out the many milestones he had missed in her life. Travel, important meetings, an urgent phone call, sudden to-dos… But it dawned on me that I was missing an infinitely more important point. But the conversation is now opening up. And this is largely because men are speaking out. Intuit CEO Brad Smith recalled leaving his wife and newborn daughters the day after both of them were born for work trips.
Mohamed El-Erian says inflation is here to stay and won't be 'transitory' like the Fed claims
A Conversation with Mohamed A. El-Erian - Articles - Advisor Perspectives
Despite strong economic recoveries, Future Fund chairman and former treasurer Peter Costello said record low interest rates and central bank bond-buying globally, coupled with huge government stimulus packages, had hooked investors into higher risk assets and borrowing like an emergency patient on morphine. They are for emergencies. Former Dow Chemical chief executive Andrew Liveris also warned that rapidly rising debt levels were a cause for concern. I would start to worry that this is an early indicator that we need to ask where this money goes. The Reserve Bank of Australia has said the official cash rate would stay at 0. RBA governor Philip Lowe said last month that such central bank action had not yet raised concerns about asset bubbles and financial risks.
Influencers Transcript: Mohamed El-Erian, March 14, 2019
Mohamed A. El-Erian is one of the best known and most highly respected investment managers in the world. From to he was president of Harvard Management Company.
Stocks have surged from their March lows, driven by a confluence of factors. Allianz's Mohamed El-Erian walks us through what's going on. Before private investors like Warren Buffett could act during the crisis, the Federal Reserve swooped in. By activating emergency financing windows and by being open to adapt them as needed, the Fed took up its crisis management game several notches.