El-Erian has handicapped three scenarios, listing the chances of a "short-term" trade deal between the U.S. and China at 65%, a "Reagan moment" at 15%, and a full-blown trade war at 20%.
"I think what you're seeing is the status quo is coming down. And the possibility of the other two are going up," he said. "If the U.S. goes full-blown with this as about national security, it can actually change the economic dynamics on a global scale. It really can." No matter the resolution, it won't come quickly, and Wall Street is going to have to deal with the uncertainty in the meantime, he added.
However, El-Erian said the U.S. stock market is better positioned to weather the trade storm than are Chinese equities.absolute terms we suffer. But we win relative to others, " he said. "I think the markets have understood that the U.S. is in a better place than the rest of the world."
Total BS by Mohamed
MEE is brill but Trump is no Reagan and China is an emerging superpower not a declining one, as was the former Soviet Union.
Do you mean the Reagan who betrayed all his friends as ‘communists’ to the twisted Joe McCarthy, the same Reagan who as Governor and then President who thought the Oval Office was haunted by Abraham Lincoln’s dog, Dixie Dog the Rail-Splitter.?
I see this guy is going above and beyond in order too ingratiate himself with the Trump fan club at CNBC.
robertAbooey
If he paid attention to even a few people with true expertise we could hope for ANY lucid, substantial moment. This go by gut stuff HAS to stop.
Assuming there’s no possibility is only underestimating Trumps ability to make things worse.
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