As a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets.
Mohamed El-Erian
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Because in the New Normal you are more worried about the return of your capital, not return on your capital.
- Mohamed El-Erian -
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Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.
- Mohamed El-Erian -