- Speaking on Bloomberg and explained in his column, El-Erian believes the BOJ has hit the “rewind” button on the carry trade unwind rather than the “pause” button, thus setting up further problems down the road.
- Elaborating on why the BOJ, El-Erian responded “no one wants to be the volker moment. There must have been enormous external pressure on the BOJ. (to pause rate increases)”
- Reiterating previous comments, El-Erian noted the multitude of reasons that have been given my market pundits for the recent sell off in equities.
