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☆ Here’s how China’s COVID lockdown protests are sparking unrest across markets and rattling the global investing landscape.
▼ + stars: | 2022-11-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today we're going over what the ongoing protests in China mean for markets and investors. While the protests in China have been largely peaceful, some protesters have been met with violence from the authorities. Anti-government protests have erupted from Shanghai to Beijing as citizens rise up in opposition of China's zero-COVID policies. "Markets don't like bad news, and protests are bad news," Laffer told me on a phone call yesterday. China protests over lockdown measures could mean inflation gets stuck at 4%, according to Mohamed El-Erian.

☆ Recession predictions are too complacent, and there isn't enough evidence that a coming downturn will be short and shallow, Mohamed El-Erian says
▼ + stars: | 2022-11-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

There's not enough evidence an incoming recession will be short and shallow, Mohamed El-Erian warned. El-Erian noted that mild recession calls were similar to the ways people dismissed rising inflation last year. "I hope we don't end up in a recession, but if we do, there isn't enough evidence to suggest it's short and shallow." If we end up in a recession it will be short and shallow.' "I hope we don't end up in a recession, but if we do, there isn't enough evidence to suggest it's short and shallow," El-Erian warned.

☆ Covid unrest in China will not impact the Fed's moves against inflation, says Mohamed El-Erian
▼ + stars: | 2022-11-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCovid unrest in China will not impact the Fed's moves against inflation, says Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins CNBC's 'Squawk Box' to discuss what the protests in China over the country's zero-Covid policies mean for markets.

☆ Brace for 'violent' shocks that may reshape the global economy forever, warns top economist Mohamed El-Erian
▼ + stars: | 2022-11-25 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

The global economy is headed for a severe recession, Mohamed El-Erian has warned. The economist expects "more uncertainty in the future as shocks grow more frequent and more violent". Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. The economist said on Tuesday that a combination of pressures on supply, central bank tightening, and market "fragility" were all likely to weigh on growth. Read more: Top economist Mohamed El-Erian says the FTX crypto fiasco will keep regulators up at night as they scramble to catch up

☆ The Fed has smashed the housing market and killed rampant speculation - and that means 'we're almost there' with inflation, former PIMCO chief economist says
▼ + stars: | 2022-11-11 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed has smashed the housing market and killed rampant speculation, according to PIMCO's former chief economist. He pointed to the doubling of mortgage rates and trouble in crypto as signs the Fed has sufficiently tightened. Mortgage rates have doubled and home buying activity is set to slump, meaning the housing market is "down for the count," McCulley said. "The housing market is smashed, the enthusiasm for speculation in the marketplace [that] was rampant in 2021 has been removed," McCulley said. Inflation clocked in at 7.7% in October's inflation report, below economists' expectations of 8% inflation.

☆ Regulators punishing crypto firms for FTX's meltdown 'makes no sense' since most trading activity is offshore, Coinbase CEO says
▼ + stars: | 2022-11-10 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

Regulators punishing crypto firms after FTX's crash "makes no sense," according to Coinbase CEO Brian Armstrong. In a tweet, Armstrong pointed to the fact that most crypto trading activity takes place offshore. Binance has since walked away, with the troubled crypto exchange now facing probes by regulators on its handling of client funds. But Armstrong suggested regulatory action may be limited, due to the fact that FTX, which now faces possible bankruptcy, was an offshore crypto exchange not regulated by the Securities and Exchange Commission. Top economist Mohamed El-Erian said that FTX's downfall would keep crypto regulators up at night playing "catch-up".

☆ The Fed cannot step in to provide stimulus this time, says Mohamed El-Erian
▼ + stars: | 2022-11-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed cannot step in to provide stimulus this time, says Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, joins CNBC's 'Squawk Box' to discuss Binance's planned acquisition of crypto exchange FTX, what the midterm election results mean for the economy, and more.

☆ U.S. imposes sanctions on oil smuggling network backing Iran's Quds Force, Hezbollah
▼ + stars: | 2022-11-03 | by ( Daphne Psaledakis | ) www.reuters.com time to read: +3 min

WASHINGTON, Nov 3 (Reuters) - The United States on Thursday issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran's Quds Force, targeting dozens of people, companies and tankers as Washington sought to mount pressure on Tehran. The latest U.S. move against Iranian oil smuggling comes as efforts to revive Iran's 2015 nuclear deal have stalled and ties between the Islamic Republic and the West are increasingly strained as Iranians keep up anti-government protests. Iran's mission to the United Nations in New York did not immediately respond to a Reuters request for comment. The move targeted a Gulf-based network that the Treasury said as of mid-2022 were blending and exporting Iranian oil. The 2015 agreement limited Iran's uranium enrichment activity to make it harder for Tehran to develop nuclear arms in return for lifting international sanctions.

☆ World Cup the test of Qatar's expensive bid to develop homegrown talent
▼ + stars: | 2022-11-02 | by ( Andrew Mills | ) www.reuters.com time to read: +3 min

It's the most important... We're not asking them to (win) the World Cup," he added. Sheikh Jassim Bin Hamad Al-Thani, brother of Qatar's ruling emir, established Aspire in 2004 to develop homegrown players -- six years before Qatar's national team automatically qualified for the 2022 World Cup when it was named host country. Since June, Sanchez has taken Qatar's players to training camps in Spain and Austria. The mixed performance suggests the Gulf Arab state are no heavyweights - the team might not stand a chance against their other World Cup Group A opponents Senegal and the Netherlands. "We won't be able to tell if that's a good thing or a bad thing until after the World Cup."

☆ Recession probability is 'uncomfortably high,' says Mohamed El-Erian
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRecession probability is 'uncomfortably high,' says Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy advisor and president of Queens’ College, joins CNBC's 'Squawk Box' to discuss his expectations for a U.S. recession and more.

☆ Stocks crashed 50% in the 2008 crisis. Here's how bad Jamie Dimon, Nouriel Roubini, Michael Burry, and other top commentators see it getting in the next recession.
▼ + stars: | 2022-10-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +7 min

Here's how bad a the next downturn could hit the stock market, according to five top experts. The stock market cratered from 2008-2009, with the Dow Jones Industrial Average ending at a low of 6,594 in March 2009, down more than 50% from its peak before the recession. With warning signs piling up, here's what five experts have to say about the next recession and what's in store for the stock market. "This is just the beginning of that pain," Roubini said of a potential repeat of the 2008 recession. He's voiced concerns about financial stability, warning markets that the Fed could "break something" on the way to reducing inflation.

☆ Comeback has legs? Investors are piling into single stocks at a near historic pace, Bank of America says
▼ + stars: | 2022-10-25 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Investors are swarming back into the stock market at a near-record pace with equities in the middle of a rapid rebound, according to Bank of America. Inflows into single stocks, as a percentage of S & P 500 market cap, over the last three weeks were in the 99th percentile of history since 2008, Bank of America said. The Wall Street firm aggregated flows across many execution platforms and trading desks, and the data included hedge funds, institutional clients and private clients. Bank of America said its clients were net buyers of U.S. equities for six straight weeks with inflows into both stocks and ETFs. Still, some on Wall Street don't believe this rally has lasting power as the Fed still hasn't taken inflation under control.

☆ Jerome Powell and the Fed's 'band of lunatics' are getting inflation all wrong and their actions will break trust in capitalism, billionaire investor Barry Sternlicht says
▼ + stars: | 2022-10-24 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Powell as his "band of lunatics" have gotten inflation all wrong, Barry Sternlicht told Fortune. He criticized the Fed's delayed response on inflation and for reacting to lagging indicators. Its actions could result in a policy error that breaks trust in capitalism, he warned in the interview. I think they're just wrong," he said, slamming the Fed's inflation response an interview with Fortune on Friday. "You're going to have social unrest ... And it's just because of Jay Powell and his band of lunatics," he added.

☆ Bond yields around the world coming down on growth concerns, says Mohamed El-Erian
▼ + stars: | 2022-10-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBond yields around the world coming down on growth concerns, says Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy Advisor and president of Queens College, Cambridge, joins 'Squawk Box' to discuss market activity around the world, financial stability concerns behind the Fed slowdown, and global currency tensions.

☆ Mohamed El-Erian says don't cheer this rally as the Fed is still grappling with a 'trilemma'
▼ + stars: | 2022-10-24 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Mohamed El-Erian cautioned investors that this stock market rally is driven by the ever-changing expectations in Federal Reserve policy, and it shouldn't have lasting power. El-Erian, Allianz and Gramercy advisor and president of Queens College, Cambridge, said the Fed is dealing with a "trilemma" — growth, inflation and financial stability, and it could be forced to slow down tightening for financial stability concerns. This is because of financial stability. This massive front-loading of rate hikes will break something in the financial markets," EL-Erian said. "So if the Fed does slow, it is because we have financial stability concerns."

☆ Battling Saints hold league leaders Arsenal to 1-1 draw
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

Soccer Football - Premier League - Southampton v Arsenal - St Mary's Stadium, Southampton, Britain - October 23, 2022 Arsenal's Granit Xhaka celebrates scoring their first goal REUTERS/Dylan Martinez EDITORIAL USE ONLY. SOUTHAMPTON, England, Oct 23 (Reuters) - Granit Xhaka scored a superb early goal but Premier League leaders Arsenal were held to a 1-1 draw by Southampton on Sunday as Stuart Armstrong netted a deserved second-half equaliser for the home side. The result moved Arsenal to 28 points from 11 games, two ahead of second-placed Manchester City, while Southampton are 15th with 12 points from 12 games. A quick counter-attack on 65 minutes drew reward when Mohamed Elyounoussi slipped the ball into the path of Armstrong, who was composed with his finish past goalkeeper Aaron Ramsdale. Register now for FREE unlimited access to Reuters.com RegisterReporting by Nick Said, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Northwestern Mutual's chief strategist says the Fed could push the economy off a deflation cliff if it doesn't slow its pace — and shares 4 ways to hedge against declining earnings
▼ + stars: | 2022-10-21 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Brent Schutte believes that the Fed risks pushing the US economy into a deflationary environment. He shared four asset classes to hedge against the earnings decline that many analysts anticipate. While stubbornly persistent inflation has been top of mind recently for most investors, lately Brent Schutte has been growing increasingly worried about the opposite case — deflation. "2014 to 2020, we all were worried about deflation; that's what everybody wanted to talk about. But once the economy has reached a downturn, Schutte thinks that inflation won't continue to persist.

"The chancellor will come to the despatch box," he said when asked by Sky News whether the corporation tax plan would definitely stay. Newspapers reported that some lawmakers who never wanted Truss to replace Boris Johnson as leader in the first place already wanted her out. "I think that changing the leadership would be a disastrously bad idea, not just politically but also economically, and we are absolutely going to stay focused on growing the economy," Cleverly said of Truss. But a fire-sale in the government bond market has driven up borrowing costs and mortgage rates and forced the Bank of England to intervene to protect pension funds. read moreMeanwhile, as Truss battled with the turmoil, she met King Charles for a weekly audience at Buckingham Palace between monarch and prime minister on Wednesday.

☆ The Fed will 'probably break something', and more risks may need to be priced in as markets are fragile after an era of low rates and high liquidity, Mohamed El-Erian says
▼ + stars: | 2022-10-13 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The Fed will "probably break something" trying to bring down inflation, Mohamed El-Erian said. He pointed to the Fed's meeting minutes, which gloss over risks to market liquidity and functioning. "Markets are quite fragile after such a long period of zero interest rates and massive liquidity," he warned. "The Fed is so late, it will probably break something on the way to reducing inflation," El-Erian said. But El-Erian thinks markets need to price in even more risk.

☆ The US economy is 'doing very well' and there aren't signs of instability in financial markets despite intense volatility, Treasury Secretary Janet Yellen says
▼ + stars: | 2022-10-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US economy is "doing very well" and there aren't signs of instability in financial markets, Janet Yellen said. Yellen pointed to the strong labor market, and added she believed inflation could come down without hammering jobs. "While there's some concern about liquidity in markets, I don't think we've see anything that rises to the level of a serious concern," she said. El-Erian has also warned markets of "unsettling volatility," pointing to turmoil in the bond market. "We really haven't seen signs of financial instability in the United States and our financial markets continue to function well.

☆ The Fed's September minutes fail to address challenges to financial stability, says Mohamed El-Erian
▼ + stars: | 2022-10-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's September minutes fail to address challenges to financial stability, says Mohamed El-ErianMohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins 'Closing Bell' to discuss problematic market outlook for economic growth, the potential need for the market to price in liquidity risk, and general remarks following the September Fed meeting minutes.

☆ Mohamed El-Erian said the Fed made 2 big mistakes that will go down in history and spur a damaging recession that was 'totally avoidable'
▼ + stars: | 2022-10-10 | by ( Isabella Zavarise | ) www.businessinsider.com time to read: +3 min

Top economist Mohamed El-Erian said the Federal Reserve made two big mistakes he thinks will go down in history. "I fear that we risk a very high probability of a damaging recession that was totally avoidable," he said Sunday. The Fed has been quickly raising interest rates in an attempt to cool down 40-year high inflation. "So yes, unfortunately, this will go down in a big policy error by the Federal Reserve," he said. "Even [Federal Reserve] Chair Powell has gone from looking for a soft landing to soft-ish landing to now talking about pain.

☆ Allianz Chief Economic Adviser El-Erian believes core inflation 'is still going up'
▼ + stars: | 2022-10-09 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Ahead of the release of the latest consumer price index reading this week, Allianz Chief Economic Adviser Mohamed El-Erian told CBS' "Face The Nation" Sunday that he predicts headline inflation "will probably come down to about 8%," but that core inflation "is still going up." Core inflation is what measures the drivers of inflation and how broad they are, so El-Erian said an increase in core inflation means "we still have an inflation issue." Even if core inflation is still on the rise, however, El-Erian said it will eventually come down. "The question is, does it come down with a slowdown in the economy or a major recession?" The oil producer group OPEC+ announced its largest supply cut since 2020 on Wednesday, and El-Erian said this decision "does hurt the U.S.," as it risks causing inflation to increase again.

☆ The UK should ditch tax cuts, hike rates, and accept a deeper recession to avoid higher inflation, Mohamed El-Erian says
▼ + stars: | 2022-09-29 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

The UK needs to ditch its plan to cut taxes and instead hike interest rates immediately, Mohamed El-Erian said. Though aggressive rate hikes could cause a recession, the UK is past the point of hoping for a soft-landing, he warned. While the central bank averted an immediate financial crisis with its intervention, that's the opposite of what it should be doing to lower inflation, El-Erian warned. What we need is for the tax reductions to be withdrawn, we need the Bank of England to act on interest rates," El-Erian said in an interview with BBC on Wednesday. "Without [tax cuts], I would look to the Bank of England to make incredible increases in interest rates and I would accept a much deeper recession," he added.

☆ Paul Krugman, Mohamed El-Erian, and Nouriel Roubini are tearing into UK leaders whose spending plans upended markets. Here's what the 3 top economists have said.
▼ + stars: | 2022-09-29 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Paul Krugman, Mohamed El-Erian, and Nouriel Roubini blasted the new UK government's spending plans. Here's what the three leading economists have said about the fiasco:Paul Krugman"Trussonomics is deeply stupid," Krugman tweeted on Wednesday. Advocates of supply-side economics tout tax cuts, deregulation, and lower borrowing costs as the best tools to drive economic growth. El-Erian slammed the UK's planned tax cuts as "unsettlingly large, relatively regressive and unfunded" in the column published Wednesday. Nouriel Roubini"Truss and her cabinet are clueless," Roubini tweeted on Saturday about the government's fiscal plans.

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