El-Erian: 'We're not in an all clear' for stock index buying, but the sell 'everything' moment has passed
Mohamed El-Erian, chief economic advisor at Allianz, joins "Squawk Box" by phone to discuss the markets as well as the Fed action to try to lift the economy amid the coronavirus-driven slowdown.
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