Mohamed El-Erian on January jobs report: It was a disappointing report, the economy has no momentum


Queens’ College, Cambridge University President and Allianz Chief Economic Adviser Mohamed El-Erian joins Yahoo Finance’s Myles Udland and Julie Hyman to discuss the January 2021 jobs report, the need for stimulus. El-Erian also discussed the concerns with retail trading after the Gamestop short squeeze.
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83 thoughts on “Mohamed El-Erian on January jobs report: It was a disappointing report, the economy has no momentum

  1. any Reply

    Who cares about the economy. I wish capitol can be attacked again, so we have another rally. tell us more about the next stimulus..

    • CosmicDamian Reply

      Yes. If we could just have a capital attack every day, worse viruses, and maybe an earthquake every month or so, I could retire next year. I don’t see how people are upset about these clearly bullish events that keep happening.

    • any Reply

      @CosmicDamian they just didnt learn what economy is, the more you destroy things, the more spending it is, and the higher your GDP. This old economist need to retired and leave it to the robinhooders to lead new era.

    • CosmicDamian Reply

      @any Exactly. The Robinhooders are on a solid foundation – “if we just don’t sell Gamestonk, we’ll all be rich”. Now, please excuse me while I dig my own grave and put a bullet in my head.

  2. Daniel Purdy Reply

    Mohammed calls the market a bubble but cheers on trillions more in stimulus creating more of a bubble.

    Money printing doesn’t work. Stop supporting zombie companies

  3. Nick Reply

    This guy loves his Patagonia vest

    • Tom Marc Reply

      Must be in venture

  4. rRobert Smith Reply

    Many people are now interested in shorting the bond market.

    • Rita L Reply

      Anyone who understands macro is short bonds, long bitcoin, grabbing metals, and actively managing small stock positions with short duration.

  5. rRobert Smith Reply

    I would pay good money for El-Erian book list!

    • Brad X Reply

      He could write a book for you “How I Missed a Market Rally”

    • Craig Reply

      @Brad X lol

    • Charles VIncent Reply

      @Brad X Exactly

  6. John A Reply

    Idiots. $2000 after many months of nothing is fsr from enough.

  7. Apocalypse Reply


  8. Mark Masters Reply

    Of course no momentum the government destroyed the economy last year.

  9. Anonymous Reply

    We get it dude. You’re short and missed the rally. Some of the strongest earnings out of FAANG that we’ve seen in many quarters, but there’s no momentum… alright bud. Keep trying to manipulate prices down. I’ll buy the dip everytime.

  10. Dave Fawcett Reply

    I literally never him say anything positive. He’s such a doom monger
    If we’d have listened to him last year, we’d have missed out on lots of gains when the markets rose

    • Paul Brady Reply

      what are you talking about? He was quite bullish before Covid came along.

    • CosmicDamian Reply

      He’s a realist. If you see milk and honey ahead, you must be on drugs, frankly speaking.

    • Justin Miller Reply

      I recall listening to him last year and making a killing.

  11. Stephanie Graphie Reply

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  12. Jose Portillo Reply

    Last week “market accident “ was no accident. He confuses reddit (amc, gme, etc) with apple, tesla, facebook reporting earnings on the same day. What followed was a two day sell-off (Thursday and Friday). Remember you were only allow to sell but not to buy.

  13. Greg Harris Reply

    Where are the alleged job creators, the 1%-ers? They’ve been handed free money for over a decade now and this is the best they can do?!! Time to start taxing the 1% at 90% again and start investing and building back America better!

    • Justin Miller Reply

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  14. Charles VIncent Reply

    El-Erian fucking sucks at every turn

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  18. William Andrews Reply

    Firemen, doctors, nurses – and many others – work so hard and even risk their lives!! There are not enough firemen to put out the fires, not enough nurses, but our politicians pay millions of people to be unemployed – so unfair!!

    • Justin Miller Reply

      Yeah, we need a progressive agenda that offers universal programs as a safety net for all (including those firemen and nurses and cops), and rewards work and not just wealth, while also giving no incentive to anyone to seek handouts by contributing/working less.

  19. William Andrews Reply

    Liberal politicians are still giving $Billions to foreign politicians, $Billions to Federal employees to “study” black holes, “explore” Venus, and play with toy cars on Mars,
    $Trillions for things that have absolutely no practical value!!

    • Justin Miller Reply

      What? Those things have enormous value. How do you think we created the internet? It was government research. Same with most research to cure diseases.

  20. William Andrews Reply

    The Liberal elite try to make us believe that there are not any conspiracies, but then they want to put normal people in jail for “collusion.”

  21. jeremy pearson Reply

    Let’s just keep throwing money at the problem. When that fails, go to plan B. There is a plan B right?

    • Justin Miller Reply

      Tax the money back where it is used inefficiently so it can be invested back in further growth.

  22. Joshua Burns Reply

    It’s still hanging on and probably going up but its hanging on by a string

  23. L9Pm9WxAv4NY4h3B Reply

    infrastructure and manufacture creates wealth. go back to basics.

    • Justin Miller Reply

      Yes, it is so obvious to everyone except the people in Washington and New York

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  25. jean montaigne Reply

    Still no book deal… Give up

  26. Liberty Springs Reply

    We might need to start thinking about different jobs for people rather than keep expecting life to return to “normal”

    • Justin Miller Reply

      True, a lot of old economy jobs will never come back, and we need systems to promote resilience and reconfiguring and remarketing skills for new opportunities based on what needs to be done.

  27. Justin Miller Reply

    Either pass stimulus checks for Americans earning up to $75,000 for individuals and $150,000 for couples, and ideally pass $2000 checks not $1400 checks, or the country may go into a death spiral.

  28. Justin Miller Reply

    It is critical to give the middle and poor working class a cash infusion as we have the vaccine rollout so that they will resume normal levels of consumer spending rather than permanently shift away from luxuries like dining out or going to bars.

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  30. Dan Ziffle Reply

    100 Trillion needed print more now..I need money for dog e coin

  31. Dan Ziffle Reply

    How does covid use tue cash..its a virus

  32. Dan Ziffle Reply

    Give people money to be traders…unlimited jobs there…everyone has an animal spirit…we are all animals

  33. Dan Ziffle Reply

    Just wait until paper gold and silver blow up…paladium…went up 5x when that happened…just waiting now

    • Antony Stringfellow Reply

      Then they’ll come straight back down again, just like GME and AMC. Fuelled by millions of retailers that follow WSB on Reddit. Ok if you can time your entries and exits well. Could quickly wipe out your account if you time it wrong. Very high risk!

  34. Dan Ziffle Reply

    Everyone knows leverage is the onpy eay to make monet..for not only hedgies but now average peeps

  35. Dan Ziffle Reply

    All those SLV shares bought are still being held ..beware

  36. Dan Ziffle Reply

    Mohamed….you bet?

  37. Trading With Will Reply

    Stimulus is to teach dependency ie dependency on a nanny state next will be UBI etc

  38. Vk Travel log Reply

    The economy is never coming back in terms of full employment when AI and robotics start to take over. We need production to come back and not more money printing!

  39. invicto TV 37R Reply

    AMC Monday Let’s buy it All AMC Monday Let’s buy it All AMC Monday Let’s buy it All AMC Monday Let’s buy it

  40. C G Reply

    Wait, when he was mentioning the market accident was he talking about the Gamestop incident? Does this mean that r/wsb nearly broke the whole market?

  41. Angela Akinbohun Reply

    Check out this video.

  42. Dave Schmarder Reply

    This is the 55th Super Bowl that I’ve missed.

  43. Mike MakesRight Reply

    I agree!

  44. Rita L Reply

    Those who are worried know enough, those who don’t know enough are not worried.

  45. hedge hog Reply

    Bad numbers = bullish.
    Good numbers = less but still bullish……

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