Mohamed El-Erian
speaker
118 appearances
2 recordings
2 series
first heard Apr 2026
last heard 8 Apr
Mohamed El-Erian’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 2 in all, peaking in Apr 2026 with 2.
Appearances
Wow, that's a really difficult question because there's so much uncertainty about the war.
But let me think in terms of the four phases.
And we are now, the U.S.
in phase two and phase three elsewhere.
While we started the year well, we got a massive shock in the shape of the war.
We had the first phase, which is done, and we are living with it, higher energy prices than would have been otherwise and higher interest rates than would have been otherwise.
We then got phase two, which is more inflation in the pipeline.
That's where the U.S.
is now as the largest economy.
Parts of Asia, unfortunately, have moved to phase three,
which is not only do you get phase one and phase two, but you also get demand destruction.
So you start worrying about economic growth.
And of course, phase four, which I hope we never get to, would be financial instability undermining the economy.
So we are looking at a world in which the U.S.
outperforms the rest of the world.
And parts of the rest of the world, Asia in particular, parts of Europe, risk recession.
So Americans are proud, and rightly so, that we are energy independent.
As such, we don't have to worry about physical supplies.
But this sort of shock, Kai, hits virtually every single country.
So the warning I was trying to send out is don't think that relative matters as much as absolute.
Showing 1–20 of 118 · page 1 of 6
Next →