Foreign Affairs/Mohamed A. El-Erian/11-22-2022
“Three new trends in particular hint at such a transformation and are likely to play an important role in shaping economic outcomes over the next few years: the shift from insufficient demand to insufficient supply as a major multi-year drag on growth, the end of boundless liquidity from central banks, and the increasing fragility of financial markets.”
USAGOLD note: Out with old, in with the new…… El Erian explains why the global economy may never be the same. “…Resilience, optionality, and agility are all vital,” he says.
