Time is running out for an economic rescue

The American economy has slowly stalled out over the last several months, as the economic boost from the CARES Act rescue package has been spent down. Now that progress may be falling into reverse. New claims for unemployment insurance have been steady at around 850,000 per week since late August […]

Mohamed El-Erian says investors should prepare for slower economic recovery and not expect ‘US lawmakers to come to the rescue’

Mohamed El-Erian, Chief Economic Advisor of Allianz and Former Chairman of President Obama’s Global Development Council, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. Lucy Nicholson/Reuters Economist Mohamed El-Erian said investors shouldn’t be overly reliant on stimulus support from the Federal Reserve or […]