If you happen to be the only one with negative interest rates, you also weaken your currency, which means you make your exports more competitive.
Mohamed El-ErianAs we spend more, and as companies are pushed to invest, they say, "Hey wait a minute! There's more demand in the system. Let's invest more."
Mohamed El-ErianAs a whole, investors should welcome attempts to safeguard the integrity of markets. You need very clear rules applied to markets.
Mohamed El-ErianMost people are under exposed to global assets, including foreign stocks, bonds and currencies.
Mohamed El-ErianAmerica's downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the country's eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance.
Mohamed El-Erian