The Latest Breaking News from Mohamed ElErian

“Awe of ‘American exceptionalism’ in markets has now gone too far,” said Ruchir Sharma, chair of Rockefeller International.

Mohamed El-Erian, Allianz's Chief Economic Advisor, warned Wednesday Dec. 4, 2024 about the growing intersection of political and economic challenges in France following Prime Minister Michel Barnier's historic no-confidence ouster, even as Greek bonds achieved parity with French sovereign debt for the first time since the Eurozone crisis.

The two discussed the matter this week at Mar-a-Lago, according to the Wall Street Journal.

"This is a period in which U.S. dominance of the global system is going to increase, both for positive reasons and for negative reasons in the short term."