Description: Mohamed El-Erian, chief economic adviser of Allianz, said the Federal Reserve made a “massive U-turn” to become more dovish in recent months. Other global central banks have followed suit. For that reason, El-Erian thinks that the current bull market could go on for another one or two more years.
Source: CNNMoney.com – video report
Date: Apr 03, 2019
Questions for discussion:
- What is the basis of Mohamed El-Erian’ s analysis and market predictions for the next two years?
- Do you agree with his assessments?