- Mohammed El-Erian has declared that the US alone has escaped the “new normal,” a concept he coined in 2009 to predict subdued growth for the post-financial crisis economies.
- Now that the US has reached “escape velocity” and people start coming back to the labor market, the Fed can keep on raising rates.
- We will argue this is both premature and contains considerable risks.
A New, New Normal For The U.S. Economy?
August 4th, 2018 · No Comments