I’ve followed interviews and commentary by El-Erian for several years and tend to bank on what he says. The key here, is that tax deal allowing companies to bring banked money (400-billion) back into the US. Once that was accomplished...I think you could reshuffle the cards a hundred times, and his hand would always be superior.
“I’ve followed interviews and commentary by El-Erian for several years”
He is world-class savvy. The son of an Ambassador, he was raised in the US, Egypt, France and the UK; with his Masters and Ph.D. in economics from Oxford. He was among the most successful investors in the world, as CEO of PIMCO, and its co-chief investment officer with legendary investment manager Bill Gross. When he speaks, people listen.