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Tuesday, February 27, 2024
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Mohamed El-Erian On Yield And Oil Price Drop: Economic Boon Or Major Downturn Ahead?

What Happened: Notable economist Mohamed El-Erian took to Twitter on Tuesday to highlight the recent downturn in yields and oil prices. He notes that this trend could be beneficial for the economy and most financial asset classes. However, he cautions that these advantages may be offset if they predict a considerable economic slowdown.

El-Erian’s tweet comes at a time when financial markets are experiencing significant shifts. He emphasizes the “important cause/effect qualification,” suggesting that the positive impacts hinge on whether the declines are not foreshadowing a major economic downturn.



See Also: Long-Term Rates To Drop Below 2%? Cathie Wood Says ‘Would Love The Fed To Pay ...

Full story available on Benzinga.com


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