As we have learned repeatedly through a century of cycles already, faith in central bank magic is misplaced and devastating in the end. We must make our financial decisions accordingly.
Mohamed El-Erian, Allianz chief economic advisor, discusses the current state of the markets and central bank policy. Here is a direct video link
Video length: 00:03:51
Mohamed El-Erian: You need a major shock to dislodge this market from CNBC.
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