The theory is that if you take interest rates negative, people are going to say, "That's a silly game! I'm not going to lend my money to governments …

- Mohamed El-Erian

The world is on a bumpy journey to a new destination and the New Normal.

- Mohamed El-Erian

We normally think if you're going to lend someone money, you should get some reward for doing this. In Europe, it's a tax!

- Mohamed El-Erian

The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an intere…

- Mohamed El-Erian

The world changes! So we're in a situation today where the only policymakers that have flexibility are central banks. But they don't have the instrum…

- Mohamed El-Erian

Most people are under exposed to global assets, including foreign stocks, bonds and currencies.

- Mohamed El-Erian

Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

- Mohamed El-Erian

As we spend more, and as companies are pushed to invest, they say, "Hey wait a minute! There's more demand in the system. Let's invest more."

- Mohamed El-Erian

Investors should be cautiously positioned as the global economy and markets face major uncertainties. The downgrade will be a further headwind to gro…

- Mohamed El-Erian