MarketsInsider/George Glover/11-25-2022
‘Markets should brace for a severe recession that might forever change the world economy, Mohamed El-Erian has warned. 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.”
USAGOLD note: El Erian issues his bleakest warning to date… He says that the Fed erred on inflation by judging it was “transitory,’ and now it is erring on the upcoming recession by predicting it will be “short and shallow.”
