I spent a few days earlier in the week in Scottsdale, Arizona. I was invited to present on portfolio positioning and best execution at the 20th annual IMN Global Indexing and ETF Conference. One of the big highlights for me was El-Erian’s keynote presentation.
Today, I share with you my notes from Mohamed El-Erian’s speech. Mohamed is Chief Economic Adviser at Alliaz and a frequent economic and market source for major financial media. He is humble, balanced and brilliant. I have listened to my recording of his presentation several times. Stop-start-rewind-replay-rinse-repeat. Fun for me and well worth the effort.
In short, he puts the odds for a good outcome at 50/50 saying he, “hates to say that.”
It is important to understand the monetary, political and geopolitical forces at play and what it all means to our collective wealth.
Following up on last week’s On My Radar post (beautiful deleveraging or ugly deleveraging), I reflected on the various players and their conflicted motivations, politicians, central banks, investors, negative interest rates, debt, tax structures, probable global capital flows and human behaviors. El-Erian’s presentation was important. Boy, do I wish I could teach as well as he does. He is masterful at simplifying the complex. I’m a big fan.
See more in On My Radar: El-Erian’s 2016 Outlook & The T Junction. By Steve Blumenthal. See important disclosures.
The current opinions and forecasts expressed herein are solely those of Steve Blumenthal and are subject to change. They do not represent the opinions of CMG. CMGs trading strategies are quantitative and may hold a position that at any given time does not reflect Steve’s forecasts. Steve’s opinions and forecasts may not actually come to pass. Information on this site should not be used as a recommendation to buy or sell any investment product or strategy.