Charting the Economic Course with Mohamed El-Erian

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Published 2024-07-25
What’s ahead for the U.S. and global economies?

On this Walker Webcast, we featured a discussion with one of the world’s most respected economists, Mohamed El-Erian, which took place at Walker & Dunlop’s 2024 Summer Conference. Mohamed touched on Fed policy pivots, inflation, whether or not we can bet on a soft landing, pivotal moments in his career, his return to academia, and his economic outlook for 2025-2026.

Key Points In The Webcast:
00:00 Introduction
01:00 Willy introducees Mohamed El-Erian
03:47 The four main takeaways of the talk
08:16 The problem with forward policy guidance
09:25 Is this a general weakening or a decaying economy?
10:29 The power of the swing states
11:52 Divergence and the economic paradigm
15:09 The impact of politics and geopolitics
16:53 What does the future of the economy look like?
19:35 How to overcome future economic hurdles
23:28 Writing “Permacrisis”: Economic lessons from the pandemic
26:45 Co-authoring with Michael Spence and Gordon Brown
29:03 Practicing humility and studying in the UK
32:13 From academia to economics
34:28 Working in PIMCO and the Argentine debt crisis
36:45 Being in Harvard Management
40:34 The best seat to sit in as an investor
42:01 Why return to academia?
46:56 Should the Fed cut in the next two weeks?
47:33 The importance of not being data-dependent
50:55 When to be concerned about U.S. debt
52:13 Is being the reserve currency enough?
55:19 Which transforming sector should be focused on?
57:25 Final outlook for 2025-2026

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All Comments (21)
  • Mr. El-Erian always has the best stories. His talks are like a blend of E.M. Forster & Economics. ❤
  • Appreciate your continued dedication to helping average folks try to build wealth and not get rekt in the process, I love your confidence so keep shrugging off the naysayers. Your experience is clear and I look forward to your pragmatic and bullish viewpoints in a world that’s increasingly easy to get caught up in the constant negativity and bearish sentiment.... Long & short-term trading is generally safer, allowing investors to weather market volatility. I have managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
  • Thanks Mohammed I understand everything that you said and agree. I’m just praying every day that Tony Seba is half right to avoid a total collapse of the world economic system. Change must be allowed for the transition to take place.
  • Yeah, there must be a science to gauge greed & tame the urge to steal from future by destroying some victims of predatory sciences & industries in present & by now decades of what could be the most productive years.
  • This interview was captivating. I have been a fan of his for years now. I was glued to the screen. Please invite him back. Bravo!
  • @liewchintong2235
    Amazing talk show. So much wonderful information... thank you for sharing.
  • @993C2S
    Very interesting. Thank you.
  • How can you embrace the whole distribution if you ideology is to favour the 80% over the 20%
  • @rocking1313
    Incredible conversation , thanks Mohamed El-Erian,!
  • @kortyEdna825
    The Fed's talk of interest rate cut leaves me pondering what stocks to buy now and when do I sell? I'm unsure how to properly allocate my money to achieve an optimal portfolio in this present economy, my goal is $3m for retirement.
  • @f1s2hg3
    It doesn’t matter how many smart people advise the king!!! WHAT MATTERS IS WHAT THE KING DOES!!!!! You can tell a person not to play with fire but you can’t stop him from burning his house down in America! We can learn how to create an economy that works and make us the riches nation of all times but you can’t control the spending habits of congress and the problem in America is the GOVERNMENT SPENDING TO MUCH MONEY PERIOD!!!!!!!!!!!!!!!!
  • @DixieGeezer
    I'm watching him...when he packs to move....I pack to Move!!! 🤣🤣😂😂
  • @jd218
    I feel like we traded a recession for inflation so far.Inflation is our hard landing.I would like him to have covered Japan falling from 2nd to forth being passed by China and Germany
  • The only thing that matters is the USA debt, and USA AI. These are the only two issues on the global stage. No country on the planet can survive without the USA. If the USA goes down, they drop oil consumtion 20%, and the entire world goes into a recession. If the USA goes into austerity, oil drops and imports go down, and that impacts every single country
  • I woke up to the tragic drawbacks of our debt-based financial system during the last financial crash. Through discipline, determination and Abby Joseph Cohen my financial advisor, I was able to retire recently in my early '50s with a bit of land in the Williamson act on the California coast and an investment portfolio that can sustain my daily living. I try to spread the word and encourage many people I meet it is possible to achieve the goal of independence. Living below your means can be enormously rewarding! Practice humility and above all, Invest in the financial markets with expert guidance.
  • "So we have a 33 Trillion dollar debt".... no, its 35 trillion. You aren't paying close enough attention
  • @MrFargo1001
    This is not the problem they're making it out to be. Just Cancel Debt! Lenders do it all the time and they're still in business and doing just fine. At one time there was 80% less debt in the world. So just cut current debt down by 80%. Everything will deflate because there's less money.