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Jill on Money with Jill Schlesinger

Global Economics with Mohamed El-Erian (Part Two)

Jill on Money with Jill Schlesinger

Audacy

Education, Investing, Business, Self-improvement

4.61.9K Ratings

🗓️ 4 May 2017

⏱️ 34 minutes

🧾️ Download transcript

Summary

I never take it for granted how fortunate I am to have my job. Let’s be honest, it’s not really a job when you’re doing what you love. And that’s what I get to do as a journalist covering personal finance and economics. With the “job” comes the opportunity to meet many smart, interesting and influential people, some of whom are legit heavyweights within their specific industries and in the world at large. Today’s Better Off guest, the esteemed Dr. Mohamed El-Erian, falls into that category. Of all of the economists and financial services executives that I have been privileged to interview, Mohamed is one of the few who can distill and communicate complicated ideas in a way that all of us can understand. That’s why we’re keeping him around for two episodes...there’s just too much knowledge in his brain to squeeze into one show. While you may have seen or read Dr. El-Erian before—as a guest on CNBC, a LinkedIn Influencer, a columnist for “Bloomberg View,” a contributing editor to the “Financial Times,” and the chief economic advisor for Allianz—our conversations on “Better Off” are rare opportunities where he can delve into a myriad of big picture economic topics for more than the three minutes usually allotted to his appearances. Mohamed’s bestselling book, “The Only Game in Town: Central Banks, Instability, and Avoiding the Next Collapse,” will be released in paperback next month. I encourage everyone to read it, because it was one of my top picks for economics/business books last year. In part two of the interview we talk to Mohamed about the financial concerns keeping him up at night. We also continue our discussion on Brexit and the ongoing crisis in Greece and why that country faces the risk of a lost generation. But it’s not all doom and gloom. Before leaving us, Mohamed touched on the three reasons why he continues to remain optimistic about the global economy. Quick favor to ask...please take two minutes and fill out our listener survey...it's painless and literally takes two minutes, three max. Thank you! https://betterment.qualtrics.com/jfe/form/SV_0rcT1aOrD8K9sy1 “Better Off” is sponsored by Betterment. We love feedback so please leave us a rating or review in iTunes. "Better Off" theme music is by Joel Goodman, www.joelgoodman.com. For a recap of every episode, visit https://www.betterment.com/resources/topics/inside-betterment/better-off-podcast/. Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.youtube.com/c/JillSchlesinger https://www.linkedin.com/in/jillonmoney/ https://soundcloud.com/jill-schlesinger http://www.stitcher.com/podcast/jill-on-money http://betteroffpodcast.com/ https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2

Transcript

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0:00.0

Welcome to the Better Off Podcast on today's show Part 2 of our big picture

0:08.1

Economic Discussion with Dr. Mohammed L. Arion. He's the Chief Economic

0:12.3

Advisor at Alliance and the former chair of

0:14.7

President Obama's Global Development Council.

0:17.4

What I do know is that the world we're on every day is becoming less and less secure and that we are seeing all these

0:25.1

improbable and unthinkable become reality and when that happens it's not noise it's

0:31.2

a system giving you a signal that we are about to have a major transition.

0:36.8

Welcome to the Better Off podcast sponsored by Betterment, the smarter way to invest your money.

0:42.1

I'm so excited to bring you part two of my

0:44.9

conversation with Mohammed L. Arion. It's great that we can actually have friends of

0:49.6

the podcast who are willing to stay chained to the desk for hours upon hours on end so that we can

0:54.9

give you two fabulous episodes.

0:57.8

This week with Mohammed Al-Arion, we're able to talk about some of the real critical issues facing the global economy.

1:05.0

In Mohammed's view, there are two pretty stark possibilities for the U.S. economy.

1:12.0

He's going to describe those. We'll touch on Brexit,

1:15.2

Brexit, all the other exits. These are pretty high-level concepts that Mohammed's discussing,

1:21.8

but if you've got a financial question that's a little more micro than macro about your life.

1:27.0

Don't forget, we have a little time for you at the end of every program,

1:31.0

the listener call of the week, right after the interview with Mohammed stay tuned and you know you have two chances to get on the air with us every Tuesday we do the better off bonus call of the week if you'd like to get on the air,

1:43.4

send us an email, Ask Jill at betteroff podcast.com.

1:47.2

Before we get to the interview, just a quick favor.

1:49.9

Could you hop on to Better Off podcast.com and take our survey.

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