Mohamed El-Erian

Yes, the U.S.

Yes, the U.S.

will outperform other countries,

will outperform other countries,

But in absolute terms, there will be higher inflation, there'll be a bigger affordability crisis, and some segments of the population are going to feel income insecure.

But in absolute terms, there will be higher inflation, there'll be a bigger affordability crisis, and some segments of the population are going to feel income insecure.

So let's not celebrate too much our relative outperformance, because ultimately, it's the absolute performance that matters to people, especially people in the low-income segments of the household.

So let's not celebrate too much our relative outperformance, because ultimately, it's the absolute performance that matters to people, especially people in the low-income segments of the household.

The U.S.

The U.S.

is still at the core of the system.

is still at the core of the system.

Well, that wall is being eroded.

Well, that wall is being eroded.

It started in 2008 and

It started in 2008 and

when the global financial crisis originated in the U.S., it has continued with the weaponization of tariffs and investment sanctions, and this war is eroding it further.

when the global financial crisis originated in the U.S., it has continued with the weaponization of tariffs and investment sanctions, and this war is eroding it further.

Now, the good news for us is there's no one to replace us.

Now, the good news for us is there's no one to replace us.