Mohamed El-Erian Echoes Justin Wolfers' 'Toddler Tantrum' Thesis On Stock Markets: 'Unpredictable, Volatile And Prone To Sharp Emotional Swings'
Mohamed El-Erian, the Chief Economic Advisor at Allianz, echoed an analogy made by renowned economist and Ford School Professor Justin Wolfers. The analogy compares the recent financial market meltdown to a toddler tantrum, emphasizing unpredictability and emotional swings.