Category: geopolitcs

3 reasons the US economy’s strength right now is a head-fake, according to Mohamed El-Erian

Mohamed El-Erian. Rob Kim/Getty Images The narrative that the US economy could achieve a soft landing still faces challenges, Mohamed El-Erian told Bloomberg TV. Rising inflation and geopolitical turmoil could dampen US growth and pressure a recession. Last year’s rapid growth is unlikely as consumer savings are depleted, he said. Market confidence in a US soft landing ignores three vulnerabilities that still pose a recessionary…