Trump Smashes El-Erian's New Normal

Back when he was the CEO of Pimco, Mohamed El-Erian popularized the term “new normal” to describe the long period of slow growth the world faced in the wake of the 2008 financial crisis. Others called it “secular stagnation.” By any name it was an idea that powered a bond bull market: Since low growth implied low inflation and low interest rates, investors were willing to accept razor-thin yields on bonds. If there’s one thing that’s clear about Donald Trump, it’s that he’s not the status quo. Bloomberg's John Gittelsohn has more on "Bloomberg Daybreak: Asia." (Source: Bloomberg)

Full Show: What'd You Miss? (08/18)
46:47 - Guests Include: Peter Sidoti, founder and chief executive officer at Sidoti & Co., and Steven Wieting, global chief investment strategist at Citi Private Bank. (Source: Bloomberg)
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