The US “is in the midst of an innovation revolution” while also carrying a very large debt burden, but it is the “average household” that gets hurt, says Mohamed El-Erian, one of the world’s most respected bond-market experts and chief economic adviser at Allianz.
Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
August 22, 2026
Trump's Put a 'Bandaid on a Bullet Hole' | Bond Expert Explains US Debt
Aug 22, 2026 | “We need higher growth and some kind of fiscal reform.”
The US “is in the midst of an innovation revolution” while also carrying a very large debt burden, but it is the “average household” that gets hurt, says Mohamed El-Erian, one of the world’s most respected bond-market experts and chief economic adviser at Allianz.
The US “is in the midst of an innovation revolution” while also carrying a very large debt burden, but it is the “average household” that gets hurt, says Mohamed El-Erian, one of the world’s most respected bond-market experts and chief economic adviser at Allianz.
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economic growth,
UK economy,
US economy