Yahoo!Finance/Jing Pan/9-7-2022
“We need to get out of these distorted markets that have created a lot of damage,” the famed economist tells CNBC. Both the stock market and the bond market have been tumbling lately, and El-Erian notes that when these market corrections happen simultaneously, investors should move to ‘risk-off’ assets.”
USAGOLD note: Cash is king at the moment, but there might come a time when the markets reflect the full effect of stagflation, even runaway stagflation, and begin trading on economic fundamentals rather than chasing the latest speculative frenzy. When it becomes obvious that real capital preservation is the name of the game, gold and silver are likely to become a favorite resting place for hot capital.
