El-Erian Says Key Support for US Markets Is Looking Shaky
Testing the strength of belief in a soft-land or no-land economy
Ancient Greek columns
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US markets have remained remarkably sanguine in the face of elections, wars and deficits. Bond yields have been relatively stable. Stocks generally keep eking out gains. The real question here is why? Why have US bonds and stocks been immune to looming risks both domestic and abroad, when we see similar threats upend markets from France to Mexico?