Free Republic

Finally an economic analyst gets prime-time media pundits to listen as he describes the fundamental difference between the U.S. “Economy” (Main Street) and the U.S. “Markets” (Wall Street). Charles Payne understands most of this, but El-Erian has it nailed.Allianz Group chief economic advisor, Mohamed El-Erian, accurately describes what is happening in an era where deglobalization is taking place. The U.S. economy is strong; however, the multinationals on Wall Street -invested overseas- are exposed. Thus there’s a disconnect and accompanying market volatility.This is well worth watching because this is the first well-regarded financial pundit that is speaking truth to Wall...

When globalisation goes into reverse By Gideon Rachman Published: February 2 2009 19:10 | Last updated: February 2 2009 19:10 There are rock festivals and book festivals – and then there is the annual globalisation festival, otherwise known as the World Economic Forum in Davos. For the past decade, the Davos meeting has brought together big business, high finance and top politics to promote and celebrate the integration of the global economy. Whatever their business rivalries or political differences, the Davos delegates all agreed that the road to peace and prosperity lay through more international trade and investment – globalisation,...