Embracing a V-shaped recovery? | Mohamed A. El-Erian speaks to ET Now
Video description:
A top voice on the world economy. Mohamed A El-Erian's first interview to an Indian channel since the COVID Outbreak. Hear out an excerpt, where he talks about why markets are not reflecting the economic realities. It has been a remarkable recovery; one that has surprised many people and one that is really disconnected from realities about economic and corporate prospects. There are two reasons for that. One, the market has embraced the V-shaped recovery and is looking through the inevitable short-term difficulties facing both the economies and companies. But it has also stumbled into another very supportive narrative which is what I call the win-win. It does not matter if you are wrong on the V-shaped recovery because central banks and the Federal Reserve, in particular, have done things in scale and scope that were unthinkable including buying higher bonds. So the market has this win-win mentality and that has driven us much higher than anybody anticipated and decoupled us completely from the underlying fundamental, says Mohamed A. El-Erian on markets. Watch the exclusive interview! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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