El-Erian: “Secular” rise in volatility

Friday, 2 October 2015

On the money as usual from Mohammed El-Erian:

I don’t think EMs are “unhinged” as yet. But they will be as China slows some more and commodities fall further.

No, it is not 2008 but that does man we won’t see more particular debt freezes such as in EMs and commodities. It’s already underway.

Very bright guy.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.