LTP News Sharing:

Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. “Economy†(Main Street) and the U.S. “Markets†(Wall Street). Charles Payne understands most of this, but El-Erian has it nailed.Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where deglobalization is taking place. The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed. Thus there’s a disconnect and accompanying market volatility.This is well worth watching because this is the first well-regarded financial pundit that is speaking truth to Wall…

Go to Source
Author: