- One of the world’s most influential investors says a crash is coming and central banks are impotent to protect against it.
- He conceded it is very difficult for them to remain on the sidelines and not do something as growth in all major economies drags.
- Reserve Bank governor Philip Lowe has increasingly raised concerns about the negative effects of low rates, and his sentiments were echoed this week by US Federal Reserve chair Jerome Powell.
When Mohamed El-Erian speaks, Wall Street listens — and he says a crash is coming
