When Mohamed El-Erian speaks, Wall Street listens — and he says a crash is coming

ABC | Nov 13, 2019 at 5:17 AM
  • 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.