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Mohamed El-Erian Says Era Of US Exceptionalism Is Paused, But Not Over Yet: 'Too Early To Say If The Damage Inflicted Is Irreversible'
Monday, May 19, 2025 - 8:19am | 724Former PIMCO CEO and current Allianz’s chief economic adviser, Mohamed El-Erian, has suggested that the era of U.S. exceptionalism is on pause, not conclusively over, amid President Donald Trump‘s tariffs and economic uncertainty. What Happened: El-Erian expressed his views on the...
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Larry Summers Calls Out Fitch Downgrade As 'Bizarre And Inept' — But Did US Call For It With Its Bloated Fiscal Deficit?
Wednesday, August 2, 2023 - 1:36am | 847Rating agency Fitch dropped a bombshell late Tuesday, leaving analysts and economists confused. Even as the U.S. economy is chugging along nicely despite the encircling uncertainties, the firm downgraded U.S.'s long-term rating from "AAA" to "AA+." The firm, however, removed the "rating watch...