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Allianz’s Mohamed El-Erian: When central banks don’t understand the markets, watch out

Barbara Kollmeyer
Allianz’s Mohamed El-Erian: When central banks don’t understand the markets, watch out

Our call of the day, from Mohamed El-Erian, chief economic adviser for Pimco parent Allianz, says the Fed lacks a sense of what’s going on with markets and that could spell trouble for investors.