El-Erian: 'We are really betting on the Fed if you want to go in and buy and put risk on in a major way'
Mohamed El-Erian, Allianz chief economic advisor, joins 'Squawk Box' to discuss the state of the U.S. economy and how investors are watching the stock market.
Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's largest bond funds in the world. Dr. El-Erian also served as a member of the faculty of Harvard Business School. Before joining PIMCO, Dr. El-Erian was a managing director at Salomon Smith Barney/Citigroup in London and before that, he spent 15 years at the International Monetary Fund in Washington, D.C. His book, When Markets Collide: Investment Strategies for the Age of Global Economic Change