Hotter-than-expected inflation data brought into question a March rate cut from the Fed. Mohamed El-Erian, Allianz Chief Economic Advisor and President of Queens’ College at the University of Cambridge, shared his opinions on why ‘the U.S. still dominates in terms of economic growth, in terms of inflation performance, and in terms of its ability to attract money for future drivers of growth.’ Segment is from Yahoo Finance Live on February 15, 2024.
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Brilliant and humble man. We’d all do well to follow his advice.
Lol US can print as much money as it wants, causing all other currencies to fail, around the globe. Buy BTC and save your economic energy.
When your worlds currency you can print as much you like. But even USD is failing against the gold 🪙.
US just have to remain calm.