El-Erian warns of potential liquidity shock in 2019
The renowned economist, in Hong Kong briefly, says investors should get used to uncertainty, increased volatility and disappearing liquidity in some assets next year.
The unwinding of central bank liquidity mechanisms is the biggest potential risk to investors in 2019, according to Mohamed El-Erian, chief economic advisor with Allianz, speaking in Hong Kong on Thursday.
US-based El-Erian, the former Pimco chief executive much in demand for his market views, said that with global growth slowing and also diverging in the major economies, trade wars impacting China and the US, and central bank liquidity being removed, “we are transitioning from re…
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