El-Erian as Sure Inflation Will Stick as Three Other Right Calls By Bloomberg
(Bloomberg) -- What bond-market guru Mohammed El-Erian said Friday was enough to make bond investors listen like they’re in an old E.F. Hutton commercial. “Inflation is not going to be transitory,” the chief economic adviser at Allianz (DE:ALVG) SE said in an interview on Bloomberg TV’s The Open show. “I’ve been pretty certain in my mind about three prior calls. This is the fourth one.” El-Erian likened it to his belief in 1999 that Argentina would default, which came true two years later; his conviction that Brazil wouldn’t default, which proved true; and his call...
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