This is a 'historic' moment for the UK's economy, says Mohamed El-Erian

Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins CNBC's 'Squawk Box' to react to the Bank of England's decision to temporarily buy long-term bonds to stabilize the market. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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[@wiebeplatt4749]

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[@Robertgriffinne]

Some traders aim to foresee market moves when they enter the market, which is near impossible

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Nothing is impossible in the market as it stands now. speaking out of experience, I've known and worked with professionals like Stephanie Priscilla Bonillo whose stock picks and strategies are topnotch, I accumulated a max total of two hundred thousand dollars a month with her strategies and guidance

[@PhilipMurray251]

@@marianparker7502 That is wonderful. how can one get in touch with this advisor you speak about?

[@marianparker7502]

@@PhilipMurray251 Look her up, You will find more details about her on the web.

[@Natalieneptune469]

@@marianparker7502 Thanks for sharing, I just looked her up online and I would say she really does have an impressive background on investing.

[@onedrop7967]

EL-Erian is one of the very best reasons to watch cnbc. Thank You for bringing us his voice.

[@DocDanTheGuitarMan]

Truss has no clue. UK is losing control. They can’t solve energy without dealing w Russia so they won’t, they can’t cut taxes and can’t raise taxes, so they have to print and raise rates. Gravity will exert its affects on gilts and the sterling.

[@tatianafoule6257]

That's no fair. Bc i didn't expect and trust them anyone for doing nothing . I just can achive it for myself. They never gave me nothing more than their reject. They build up this system and look forward. I never could exist for any of them why i must exist now. They are ultra ironic. And Herd (which is this Core) respond are insulting, so then they build up this total reality hipocrecy older. They all are nasty bases.

[@andrescast]

The ONLY reason**

[@mesutserim1595]

In my opinion, the remedy to weather this recession and high inflation is short-term trading, as opposed to long-term, most folks using these techniques are netting a ton of gains, sure the risks are higher but yet again isn't the current market equally as risky?

[@joshspring7686]

There are a lot of strategies to make tongue-wetting profit especially in this down market, but such sophisticated trades can only be carried out by proper market experts.

[@miawhitlock9140]

@@joshspring7686 Yes, I've used such expert, an investment adviser at that, and she really worked magic on my portfolio, initially I was always in and out of the market, selling at a complete loss but for the past 2years I've been mostly in the green, earning steady profit irrespective of market movement thus gaining over $850k+ in the past 2years.

[@pigsbark4173]

@@miawhitlock9140 please who is the consultant that assist you with your investment and if you don't mind, how do i get in touch with them?

[@miawhitlock9140]

@@pigsbark4173 My consultant is Wendy Helene Bennett, I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven’t regretted doing so.

[@chrisbluebird5037]

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[@sonsautomotive]

when i bought my house in 2000 i paid 7.5% interest...the world did not fall apart because of it....".the longer you stay in la la land with QE and low-interest rates the harder it is to get out".......love Mohamed El-Erain

[@wreckim]

Yes, but there is so much pressure on one administration or political party to perform immediately, and not let the pain begin when it should...delay, delay, delay. Then it's much worse. I have no idea what the future holds with 8% mortgages, sky-high rents, inflation through the roof, and prices not budging on homes hardly. Builders are going to just slow the whole damn thing down to a halt IMO; they will not build thousands of units so that Blackrock can buy them for pennies on the dollar.

[@JigglyPuffMafia]

But now the world would fall apart because the economy is addicted to artificially low rates

[@Angie-in8wc]

@U Wot To add to your comment, one of the reasons housing costs increased so dramatically was because of low interest rates. The banks were throwing cheap money at home buyers, which increased competition for properties and pushed prices up. It’s a vicious circle.

[@favin86]

You probably bought the house for 100k. I can't find it for less than 500k in Canada.

[@alphabeta8403]

*One of the very FEW who makes sense on CNBC*

[@lisawomyn21]

Loved that mohamed brought the conversation to la la land w low interest and QE. Joe (who never talks truth) was like “um - that’s not what I was talking about.” Joe is such a tool.

[@criessmiles3620]

Europe is broke Old Cold 🥶 Wet With no commodities to trade from The continent is just Useless Tell macron to stop begging Africa Cheers from west Africa 🦅

[@Hi-Per]

❤

[@ocvegasproperty]

Too bad he was so wrong in 2020…

[@tatianafoule6257]

@@ocvegasproperty when you mean stupidity has super bases gases efects and rules😍😍

[@maudo2077]

Mr. Mohamed is one of the Best Analyst around. His word is Bond

[@joyjoan3744]

Thanks for this wonderful video..I have incurred so much losses trading on my own....I trade well on demo but I think the real market is manipulated.... Can anyone help me out or at least tell me what I'm doing wrong?

[@carlosfrancisco6627]

Same here, My portfolio has been going down the drain while I try trading,l just don't know what I do wrong

[@rabefalanse9250]

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

[@avaalice9291]

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[@xavieraustin2340]

Wow I'm just shock you mentioned and recommended Expert Mr Nicholas,I thought I'm the only trading with her

[@maxluna4157]

@@xavieraustin2340 YOU DON'T NEED TO BE SHOCK BECAUSE I'M ALSO A HUGE BENEFICIARY OF expert MR NICHOLAS

[@ravilleortiz]

Mohamed EL-Erian great interview

[@DashCamera]

Well said Mohamed ! It is historic,

[@tatianafoule6257]

Y.e.s...... my position sounds like a complaint! When they are ultra ironic and this is pedo nasty. Shut up ! YES i mean HERD CARGO is everything bc they respond over something pointless. They just throw out.

[@Princess-nb1my]

I cannot over emphasize the importance of being an experienced trader to make good returns off the crypto space, else you'd join the group that call it a gamble. Those that understand the market trends always seem to be a step ahead and apply adequate measures to stay secure no matter the situation.

[@ethanmcgregor4739]

There are way too many information out there, its hard to know which to get into that will be suitable for you.

[@rodriguezmarianne2436]

Would appreciate any assistance to get started, thank you.

[@Princess-nb1my]

You can get in touch with, Emilia E Arias. You can find her on the net.

[@gabrielancelotti9450]

Trying to earn some extra income and this comment came in handy. Thanks 😊

[@rodriguezmarianne2436]

I just searched and found her web blog and I've reached out hoping to get a response soon.

[@barrysingh8813]

Excellent response by El-Erian. He told it like it is.

[@analytic_panda]

too much debt, too much money, too much inflation, and too many central banks...

[@EM-tx3ly]

Sounds like a cycle

[@robertagren9360]

UK has become the new Japan.

[@analytic_panda]

@@robertagren9360 Japanese never strike!!! UK will become Argentina(:

[@deesus1085]

@@robertagren9360 japan has trade deals secured

[@robertagren9360]

@@deesus1085 Japan buy their own bonds since nobody want to buy them.

[@kylejohnhaley]

Thank you for transparency Mr El-Erian

[@joonhwi86]

Smirk on the guy baffles me profusely

[@st_eunice8818]

The RE prices must go down as they are in bubble. Yes it is painful but it all comes down to monthly payment. If they try to avoid correction in RE prices then it is game over.

[@DS-vx3wf]

they will.... they will in many parts of the world!

[@truthteller8965]

Very well said. I've been saying the same thing for a while now Bank of England is trying to avoid rate hikes to prevent the housing market crash But the housing market is inflated anyway In 2020, the housing market conditions were made so artificially favourable so that anyone could buy more than they could afford on a long term Now, they are trying to protect the bubble they built

[@nolimitbanks7318]

Hope we can all get along for our kids sake.

[@deesus1085]

Boomers getting along? Lol

[@vishalsaroha1489]

In UK , fiscal policy finally meets Monetary policy. In bad times, it is Fiscal policy which must lead monetary policy.

[@darrenb1117]

Mohamed is my go-to economist TV/Twitter/FT anywhere......an almanack of finance!

[@hoshifuyo4494]

This is an amazing video and i enjoyed every bit of it. And i'm also excited to share my investment experience so far this year. I believe it will help a lot of people here who are confused on how to startup theirs and be productive for the year.

[@hoshifuyo4494]

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My portfolio is very much diversified, and i work and follow the trades of WINONA ALETHEA LIVINGSTON. she's well known for what she does. I met her sometime early last year at a start-up funding event, she said lots of enlighten and interesting things about the state of algorithmic tradings. Today, very obviously, I'm seeing the results...

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[@Dedicated_.1]

1:35 I actually analysed the cost of the tax cuts and the energy package. The tax cuts are honestly not very expensive, it’s the energy package that is. The tax cuts are actually growth positive and need to come in as soon as possible. The energy package I’m less keen on but is very popular unfortunately.

[@Finance-Food-and-Freetime]

Can you explain that in more detail? Do you mean that as incomes have inflated?

[@Dedicated_.1]

@@Finance-Food-and-Freetime For legal reasons I can’t give specific numbers as proprietary. However, the tax cuts are a few billion in terms of fiscal revenue fall and would support spending during a monetary tightening period. Leading to income led rather than debt led growth. See Reagan Volcker. However, the energy package is a high debt load policy with less return on capital. If there’s any return on the energy package it will be from preventing riots about high energy bills due to the Russia Ukraine conflict.

[@kingjustice1831]

And this is GOOD!!!

[@MrAndyblue52]

Amazing all part of the plan afterall

[@TheStringBreaker]

*Becky Quick is a great journalist!*

[@mcotton3077]

“This isn’t some 3rd world country… This is Europe!!” Part 2😂

[@brianclark4639]

This is AN historic moment.

[@praveenspike]

Each country has to go with their own way, the population and everything differs by a huge gap which includes the exchange rates, if dollar was the only currency for US and the whole of EU then there you will have a valid point without an exchange rate.

[@supermash1]

Your comment makes no sense.

[@prappypat]

Will the UK print money to fund these purchases? Maybe, or they'll go the Japanese route and start selling US Treasuries to fund this campaign. If that's the case, first Japan, then the UK. We could be at the precipice of a massive dumping of US Treasuries. Effectively exporting international inflation right back into the US and challenging the Dollars status as the global reserve currency.

[@TaK3ReflexzZz]

The UK is a debtor country, what level of US Treasuries do we really own?

[@prappypat]

@@TaK3ReflexzZz The UK is the third largest holder of US debt at over 600 billion USD.

[@prappypat]

I feel like every central bank has a choice to make: Destroy their own economies. Or Dump T - Bills.

[@robertagren9360]

US want to obtain inflation but the rest of the world is in debt. USA pumped China to stimulate the inflation and economic growth. Japan is stuck in inflation and want it to reduce but nobody want to buy their bonds.

[@TaK3ReflexzZz]

@@prappypat Wait WTF, why do we have all that? What's the reason?

[@cg5648]

Once again Peter Schiff was right; he told you to stop the quantitative easing but no. This crash will be epic.

[@jordanepellerin6684]

Where is gold ? I thought it would go up.. He doesn't have a clue 😑

[@rameshpudhucode6862]

He has been talking about Gold last 30 years. Where is he now.

[@deesus1085]

@@jordanepellerin6684 Buy physical gold if you like, but not yet. Too early. Also, long dollars.

[@JoeBlow-nh7mp]

@@deesus1085 The problem is that by the time most of us will want to buy gold, there will be none left.

[@Nick-sd7um]

@@deesus1085 buy gold lol? Better off panning or searching for it out of the ground.

[@waynejones5635]

After many years of central banks printing massive sums of money and manipulating the markets, the cracks of economic reality is really starting to show. There is NOTHING holding this bubble economy up, once the free money is removed. Inflation is become a major problem and central banks missed the boat once again and are running to catch up. The days a free money are over and the global markets will need to adjust in a serious way. This is just the start of things to come.

[@deesus1085]

It is the end of the beginning of these problems for sure.

[@jacobwatson3781]

And corporate profits, corporate profits are leading to inflation.

[@jesus2400]

Mohammad nailed it.

[@gloin10]

"This is a 'historic' moment for the UK's economy" says Mohamed El-Erian it is indeed. It marks the UK's transition from a First World economy to a Third World one. A couple of years ago, a group of economic researchers published a paper pointing out that sterling was displaying many of the characteristics usually associated with the currencies of emerging economies....

[@Mithril_Antimarr]

BOE's market intervention was temporary and by design very short term trying to stabilise the debt market... UK interest rates will need to go up, they will hesitate for a few days maybe even a couple of weeks but they will have an emergency meeting to agree the size of the next rate rise.

[@varuzhshakbazyan5732]

Haha temporary? And what happens when their temporary intervention is ended? Bond market implodes! Central banks all over the globe have shot themselves in the foot. Their idiotic free money policies are to blame for this mess. Now the Boe is using inflation to fight the collapse of their bond market. Inflation is going to skyrocket!

[@RicVee1]

LOL..no government intervention is temporary. This is the new BOE policy and you will see at least a decade of QE just like the US.

[@XORTION]

Need to be a big hike don’t you think? Maybe 4%

[@RicVee1]

@@XORTION They are not going to raise rates, they have gone the QE route. The BOE is going FULL BORE QE and there will be no rate hikes, just rate decreases

[@Gron257]

QE will be inflationary if done for much longer. Inflation is already too high, there is no room for any more QE. This was just a liquidity injection to prevent a full blown panic. It is not a long term solution. The only tool they have left is to raise rates.

[@lewisrashe831]

Looks like the UK will choose a currency crisis over a financial debt crisis. Trying to do bond/debt market bailouts with inflation this high will melt down their currency. Two choices for a lot of countries soon will be to choose between a sovereign debt crisis or a currency crisis.

[@supermash1]

Interesting. You can see that all the financial commentators / talking heads are clueless. Only Mohamed made any sense. I'm struck by how all these "finance experts" really have no clue what is going down.

[@JoeBlow-nh7mp]

Looking back at monetary history, 99% of countries will choose the monetary crisis or at a bare minimum high inflation as a way to pay back debt they couldn't otherwise pay back.

[@mariusbleek]

So the BoE is simultaneously buying long maturity gilts AND raising rates? How does that work?

[@erickobetitsch6055]

The world is cracking before all of our eyes.

[@sang3Eta]

What we should recognise is that the UK M1£ supply is almost half the US$ supply, per citizen. The UK has been far more prudent with the money printer!

[@onedrop7967]

The Fed is doing the right thing raising rates. To much free money is bad for people long term and does not provide any protection. It creates an environment of pending collapse. Housing was always going to take a bath when rates go up. It will take 2-3 years for normalization of these higher rates. If you act with shock, that's on you. Housing starts, refinancing, new home sales are going off a cliff. It is to be expected. If you got a house with a low interest rate then take a victory lap. Enjoy! We should hope that the economy never gets so bad that we need to see rates this low again.

[@gmshadowtraders]

They are destroying the economy! On purpose!

[@MelanieStar12]

Never answer the question whether central banks are working together

[@orwellhuxley6301]

CNBC simply does get it.

[@RichardSKLim]

El-Erian is spot on! We are in a new paradigm shift. The old playbook brought us to the brink of total destruction.

[@bitcoindaddy1]

What he didn't say was if BOE can't raise rates while doing QE, then they will start dumping US treasuries and sell dollars or do a emergency swap. Theres $7T US treasuries foreign reserves and China and Japan just indirectly told fed to cut it the F out or we will dump our US treasuries and dollar holdings. Feds can forget QT $9T MBS

[@bitcoindaddy1]

We are not in a new paradigm shift it's the same old playbook 😂

[@Tony-dk1bp]

Who cares about what they are talking about when you get to look at Becky?

[@EM-tx3ly]

Tony You Son of a Gun

[@dagomacc]

What's going on???

[@Michael-ut6mu]

Everything is “historic” and “unprecedented!” Not really but it’s what passes for conventional wisdom today.

[@parroldangel5042]

I'm DCAing in AMC27X as well. ETH heavier DCA and ALGO. I'm taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!

[@SuperlativeCG]

It's big business.

[@wreckim]

Pumping money, QE, direct payments, loan forgiveness, and more; it's been a hell of a free ride. Not. We are finding out.

[@youtubetim3577]

Anyone who thinks that United States and other places won't pivot as well to support the UK is out of their mind

[@harukrentz435]

1. The US is the one who caused this problem in the first place, 2. Who are these other places youre refering to? Because europe and japan are all facing the same situation.

[@netstarr77]

The FTSE was just like the US market way overvalued.

[@failuretocommunicate]

I could be wrong, but I got the impression that the journaltainer didn't quite like what he was hearing.

[@wise145]

The US is in the tank as well.

[@wilee.coyote5298]

The Fed should have a separate rate for housing. Trying to slow the entire economy just for the biggest inflationary purchase is distorted.

[@briantep458]

UK BOTTOM LETS GO BABY 🚀🚀🚀

[@yc3932]

El Erian should be the the Federal Reserve Chairman. ✅ (assuming he can)

[@aheroictaxidriver3180]

I have a degree in economics from a prestigious US college. I have been studying economics my whole life. I can't figure out what these idiots are doing. This seems to be a panic, which is the last thing they should do. 10% inflation is not as bad as panic-driven policy. They can't see past the election cycle, I guess.

[@bulthaosen1169]

Honestly I don't think you need a degree in economics to know something basic as this. They are truly fools.

[@gmshadowtraders]

Your degree is full of math assumptions and theories which are 150 years old. It doesn't prepare you for the real, criminally insane and unfair world, the one outside the glasshouse library your lecturers built for themselves.

[@Lisa-mp7ig]

So BOE pivoted. Is FED next?

[@jordanslingluff287]

No. There is no reason to pivot in America. It will make things worse. Inflation must be tamped out.

[@quinnh1398]

They didn't pivot. Still raising rates but decided to do tax cuts, etc.

[@Lisa-mp7ig]

@@jordanslingluff287 Look at the bond yields. 10 year reached 4% already.

[@jordanslingluff287]

@@Lisa-mp7ig Yeah. It probably needs to be 4.5-5% to slow things down and probably needs to be above 3.5-4% all of next year. In my opinion of course. Seems to be a long the lines of the feds guidance.

[@itseveryday8600]

if anything, once the midterms are over, fed will be more hawkish.

[@kezblu]

agreed but "go ahead with structural reform"?? what does that mean? it sounds like you don't know what structural reform the UK has already been through

[@farukurgun3372]

Truly love your candidness, I DCAed today again for BTC AMC27X and ETH

[@timmanto1022]

This looks like the prequel to V for Vendetta.

[@relaxpinknoise]

"hoarckkeet" lmao everytime he saying it

[@omegabat3986]

Amazing it's like TaxCut don't always solve problems.

[@DocDanTheGuitarMan]

I’m waiting for Cramer to come on screaming again. Do we have weeks, months until that happens?

[@thomaskauser8978]

TIPS AND MINERS!

[@zulharriansyahsyamsul3970]

tex cut, more stimulus to tackle inflation just like take down fire with gasoline

[@jarrodyuki7081]

yep!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@ruthlessluder]

So why is it weakening the dollar? Is it because people expect the fed will follow suit by being more dovish?

[@SS-qb6ye]

POUND will COLLAPSE while US DOLLAR will SKY ROCKET and there is nothing anyone can do about it!!!

[@BigORat]

High Gasoline = High Inflation. True in the 70's - True in the 20's. Gasoline moves the world.

[@JinKee]

1) borrow £ 2) use £ to buy $ 3) ??? 4) PROFIT!

[@mikailsins2638]

Yes I saw Amazon AMC27X they announced a partnership with huobi

[@thisguy73]

Becky hair is fire

[@chafikab7547]

The more you stay in this LaLa land, the harder the exit will be. Well said👍

[@cs-recep3291]

BRO WHY ARE YOU NOT TALKING ABOUT AMC27X

[@gerhard7323]

'A major paradigm shift in financial conditions' El Erian.

[@amatuer2]

Brits should never have left the EU

[@KS-uu4cd]

say gamestop mohamed

[@castlecircle7612]

I love Mohamed. Unfunded Tax Cut=Oxymoron

[@harrisonwintergreen1147]

panic in the UK = time to buy UK stocks

[@mikehundt4263]

Mohammed doesn’t seem to understand that the BOE capitulated because it has no other options. The Fed will do the same, and soon. Long gold, silver, short the USD (soon)

[@Wilson49100]

I like him as difficult as it is it has to be done, and all the bulls will have to take there medicine

[@anakinskywalkerii4350]

Didn’t Rishi say he would not cut taxes?

[@jamesbogart]

😄 Rishi is not the chancellor.

[@anakinskywalkerii4350]

@@jamesbogart - I know. But I meant that he warned against doing this when he was running for Truss’s job. Guess he was right.

[@Dedicated_.1]

@@anakinskywalkerii4350 Rishi was incompetent.

[@anakinskywalkerii4350]

@@Dedicated_.1 - perhaps but he was nevertheless right about not cutting taxes. Truss has gone all Reagan on the UK.

[@Dedicated_.1]

@@anakinskywalkerii4350 No he was not right. The media really has misled the people. If you actually run the numbers, the tax cuts are minor in terms of fiscal effect, however the energy package is the real mover in terms of debt. The tax cuts are actually the right policy for fostering a pro-growth environment, in contrast to the stagnating and increasing tax European bureaucracy which Rishi wanted to copy.

[@michaeldusso6882]

HOW BAD IS IT ? ……investors are resorting to using meteorological “spaghetti charts” in lieu of their candle charts.

[@georgemaximus694]

UK is going into hyperinflation soon. It’s game over. J Powell and the rest of the world can watch what happens when central bank pivots during a fight against inflation. Lot more pain. It’s actually good for the US we get to export inflation out of the country with a strong dollar but not so much for UK.

[@gmshadowtraders]

That's pretty much it. I had some dickhead go at me when I explained the same thing, that the US is exporting pain and misery to the rest of the world. The Petro Dollar and World reserve currency status you guys have, are basically the ultimate WMD. How ironic huh?

[@xzaiverwillis8148]

13% Inflation Rate... This is just the beginning.... Freeze 🥶🥶🥶🥶🥶 Mode.

[@rockymarcianothe3rd135]

blinking? more like squinting

[@cheebug]

Paradigm shift. #bitcoin

[@rikardosalampesi3677]

I LOVE YOU...........................MAHATMA GANDHI JI.......................................................................

[@user-fs3it7hu7t]

I knew that AMC27X was ahead of the game, but my mind is officially blown

[@tmcche7881]

No Joe. We want central banks to stop debasing currencies and to reduce leverage and control the extent of government debt creation by maintaining positive real interest rates.

[@jerrymoriarty3319]

What does the UK offer for sale to the world to justify income?

[@neilwadden1749]

She sounds like Warren Buffett

[@Raifbyk]

AMC27X Saved me after the LUNA Crash

[@esebabagaming5881]

Binance CEO talk about AMC27X and hinted let it list on binance, cant imagine the price at 2023!.

[@nurierdemyaman4921]

BUY THE *AMC27X* AND HOLD THE LINE BOYS.

[@zenom2685]

I’d rather buy AMC27X , atom, polka and polygon!

[@recomandforyou5401]

Thank you for the update AMC27X is done right, and waiting is part of the process,

[@dagsterblaster4973]

Currency and rate manipulation will always catch up with society. The attempt by the BOE to fight this is only going to make them tired and even more broke.

[@alamutharameyn4310]

Any thoughts on AMC27X ? it's the best thing since slice bread.

[@Eda-qu1hs]

if AMC27X can grow organically like that they will dominate that industry

[@bathayijanathaparty9993]

This is what Rishi said with Lizz plans no one believed because they want to listen to what they want to listen to period

[@ironmikehallowween]

This is a path to destruction.