Mohamed El-Erian, Allianz and Gramercy advisor, is one of the least dishonest people amid the Wall Street propaganda crowd. Although due to peer pressure, he still tends to couch his economic analysis behind the CNBC screen of pretending not to know things. [On a personal level, I bet this guy is 80% cash right now.]
This interview is generally not that impressive. However, at the very end of this segment talking about inflation, what El-Erian says about the first 10 days of June is 100% and he’s the first person to say it. But he won’t repeat it. WATCH (Prompted):
.
He’s looking at the same data set we are. Watch closely when the May Producer Price Index (PPI) is released (origination, intermediate and final demand to wholesalers), we will see how the inflation costs are continuing to accumulate in the supply chain for all goods and leaking over into the vulnerable service sector now.
So, in other words, the destructive economic illiterates running our country have put us into a ‘progressive’ death spiral.
Don’t you just love it when a plan comes together?
I was saving this for Q4, but if El-Erian is correct, I might as well post it now…
.
I have listened to this gentleman for years. He is a very intelligent financial guy and has a great track record of being correct.
Personally, I am very very worried.
You should be very worried right now as well as everyone else. We are all on a hand-car to Venezuela.
Fangdog…you’ll -wish- it were Venezuela…
.
What happened that all the proof of 2020 Election fraud got surfaced and then ditched? Am I the ONLY one who though for sure by now President Trump would have replaced Biden? Yesterday’s news was that Bill Baar and Ivanka Trump long ago declared Biden the Winner and TOLD DJT he lost!
By the way, my son ( 63 years old, unvaccinated) got Covid , ached like mad, asked the advice of his favorite pharmacist and took what he said to:, Physzer Anti-Viral, Paxlovid, He felt like new the next day.