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NewsMaxFinance//Interview of Mohamed El-Erian/12-11-2020
“We are looking at a high probability of a vicious cycle. Public health is deteriorating… policy is not doing anything. The economy is slowly going into recession in Europe, and people are becoming more hesitant to interact socially and economically. Unless we move on policy and health, you and I unfortunately will be talking about this vicious cycle for quite some time.” – Mohamed El-Erian, Queen’s College of Cambridge University
USAGOLD note: El-Erian has been one of the realists through all of this. He is now more concerned than ever about the “disconnect between Wall Street and Main Street” ……
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