Mohamed A. El-Erian
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elerianm.bsky.social
Mohamed A. El-Erian
@elerianm.bsky.social

Professor, Wharton School, and Senior Fellow, Lauder Inst (both at UPenn). Allianz Chief Economic Advisor. Chair, UnderArmour Board of Directors. Board member, NBER. CFR. Former co-CIO/CEO PIMCO and President, Queens' College, Cambridge University. .. more

Mohamed Aly El-Erian is an Egyptian-American economist and businessman. He is President of Queens' College, Cambridge, and chief economic adviser at Allianz, the corporate parent of PIMCO where he was CEO and co-chief investment officer (2007–14). He was chair of President Obama's Global Development Council (2012–17), and is a columnist for Bloomberg View, and a contributing editor to the Financial Times. El-Erian was a candidate in the 2025 University of Cambridge Chancellor election, coming second. .. more

Economics 67%
Business 13%

...an extensive data calendar and the return of Fedspeak.
For details, please use one of the two links below to access my weekly look at the global economy and markets:
mohamedelerian.substack.com/p/the-weekly...
www.linkedin.com/pulse/weekly...
#economy #markets

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The Weekly Look at the Global Economy and Markets
The Context: A look at Last Week
mohamedelerian.substack.com

Despite a calming Fed meeting last week, global markets enter the new week with a rebound in sovereign yields and rising energy pressures. We also have high-stakes diplomacy at the Trump-Xi summit on the sidelines of UNGA, alongside ...

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This chart on Europe from the Financial Times is a general reminder that, in exhibiting impressive resilience to the energy shock, the global economy has run down its physical inventory.
#economy #oil #energy #markets @financialtimes.com

Thank you to Richard Quest and Stuart Varney for having me on their shows today.
#economy #markets

From Federal Reserve Vice Chair Michelle Bowman's speech today, outlining "the initial findings of the independent review of the failure of Silicon Valley Bank (SVB)."
Many will view this as yet another addition to an already long list of institutional missteps by the Powell-led Fed.
#federalreserve

While on yields, this chart from The Wall Street Journal on US mortgages.
#economy #markets #yields #mortgages @wsj.com

Government bond yields are on the move again:
The US 10-year Treasury is back at 5% and the 30-year is above 5.30%
(Bloomberg table below.)
#bonds #economy #markets #yields

In the continuation of the masterclass in corporate succession:
In a characteristically humble and well-written letter to Berkshire shareholders (below), Warren Buffett reflects on his tenure, passes the Chair role to Howard Buffett, and reaffirms his confidence in Greg Abel.
#economy #warrenbuffett

While crude oil prices have fallen for a third consecutive day, refined products continue to climb, with US diesel at a record high of $6.45 (AAA table).
Meanwhile, media reports indicate that Aramco, the Saudi oil giant, has informed European refiners to expect no crude deliveries in October.
#oil

... hikes disappointed markets, the Yen depreciated more than 1%, continuing to unwind gains sparked by (actual and anticipated) FX intervention.
(CNBC chart below).
#economy #markets
#japan #boj #centralbanks

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Good morning
The signaling accompanying the Bank of Japan's rate hike sent the Yen weaker:
In a widely expected move, Japan’s central bank raised interest rates by 25 basis points to their highest level since 1995.
Yet, as the signaling regarding future...

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...
3. An economy in multi-year transition, reshaped by technological change and geo-economics.
Rather than opting for just one of these, consider the world of the in-between:
www.nytimes.com/2026/09/17/o...
#economy #markets @nytimes.com
Opinion | There Are Three Paths for the Economy. Only One Is Good.
You may not be able to pick just one.
www.nytimes.com

Posted earlier:
Depending on where you look, the current U.S. economy can be characterized in one of three ways:
1. An economy in equilibrium, anchored by forces of mean reversion.
2. An increasingly unstable equilibrium, driven by diminishing financial and physical buffers....

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Opinion | There Are Three Paths for the Economy. Only One Is Good.
You may not be able to pick just one.
www.nytimes.com

Thank you, Leslie Picker, for the interesting conversation on CNBC's Closing Bell.
www.cnbc.com/video/2026/0...
#economy #markets @cnbc.com #FederalReserve