Dow Jones mohamed el-erian stock market U.S. Market News 

Despite Stock Market Swings, ‘Silly’ Recession Talk Overblown: Economist

Despite doom and gloom and the dismal performance of the stock market this week, economist Mohamed El-Erian calls recession fears “silly.” | Source: REUTERS / Shannon Stapleton By CCN Markets: Investors are getting a bit of a reprieve today as the stock market recaptures some of yesterday’s massive losses in what was a brutal day on Wall Street. The trade deal appears to be the impetus for the market, and the tug-of-war between President Trump and President Jinping seems far from over, based on the looks of things. Don’t let…

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Donald Trump mohamed el-erian U.S. Business News U.S. Market News U.S. Politics 

Trade War Could Be Trump’s Shining Reagan Moment

By CCN: President Trump has at least one renowned economist in his corner. Mohamed El-Erian is placing Donald Trump in the same category as America’s beloved Ronald Reagan. In an interview with CNBC, El-Erian, who is among the more open-minded economists out there, approached the trade war from a different vantage point. He said that China stands to lose the most in the trade war ignited by Donald Trump and Xi Jinping. Consider the S&P 500, which is miraculously unchanged over the last politically tumultuous month while emerging market stocks…

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allianz andreas utermann andrew bailey Bitcoin Opinion FCA mohamed el-erian regulation 

Cryptocurrency Should be ‘Outlawed’: Allianz CEO Andreas Utermann

Despite this year’s prolonged cryptocurrency market decline, many mainstream financial institutions and wealth managers have continued to explore how to make this nascent asset class more accessible to their clients. Firms such as Goldman Sachs and Fidelity are building crypto custody products, while exchange giants Intercontinental Exchange (ICE) and Nasdaq are focusing on futures trading. Don’t expect Allianz Global Investors to add its name to the list anytime soon. Allianz CEO Unloads on Crypto Speaking on Tuesday at a panel discussion in London, Andreas Utermann, CEO of Allianz — one…

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