Thoughts on Mohamed El-Erian’s ‘When Markets Collide’

August 29, 2008

Geoff Considine (Quantext) submits:

When Markets Collide, by Mohamed El-Erian, was published in May of 2008. Mr. El-Erian is well known from his previous tenure managing Harvard’s endowment and for his current role as co-CEO of PIMCO. The principle theme of the book is that we are experiencing dramatic changes in the structure and flow of global capital markets and that investors need to be aware of these shifts if they are to be successful. He also emphasizes that these shifts have important policy implications—certainly appropriate given that he worked at the IMF for a substantial portion of his career. My thoughts here do not constitute a full review—more a set of thoughts on a few of the major themes in the book.

Mr. El-Erian’s world view includes the following:

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