Al-Marsad Newspaper: Allianz economist and main economic advisor Dr. Mohamed El-Erian claimed equity and bond markets surface distorted and US equities are less than tension as bond yields rise unregulated.
When building statements to CNBC, Al-Erian suggested investors to hold liquidity and belongings in the short time period and mounted money.
El-Erian pressured that there is a have to have to get out of these distorted marketplaces that have caused a whole lot of destruction, indicating during a forum in Italy: We are about to re-evaluate assets, describing that investors need to have to concentrate on belongings that are significantly from risk.
“What we discovered in the initial 50 % of this year and again last August is that shares and bonds can go down at the same time, and in this kind of a world, you have to glimpse at the course of brief-expression fixed earnings belongings. and hard cash, “extra the head of economic advisers.
Al-Arian indicated that what is taking place is the simultaneous decline that only happens each 50 years, expressing: get out of shares and bonds and only cash will save you.
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