Says lot of volatility, wages and growth are lower than where we could have been ... but US economy still reates a lot of jobs

That's the gist of weekend comments from Mohamed El-Erian Fox News's "Sunday Morning Futures"

Mo:

  • Central banks are no longer working together to suppress volatility to boost the asset values, he said
  • "Investors that are used to have favorable fiscal policies will have to get used to" a slower-growth environment
  • Thinks the Fed is likely to raise the interest rates twice more -- though very gradually -- this year
  • "A shallow hiking cycle. It will end much lower" than previous cycles
  • The Chinese government "can't make up their mind. They lost control of the currency markets, which is very unusual."

Bloomberg with mo Mo

(That's would be more Mohamed for those not down with the kids' lingo :-D)

Even mo MO, note the mo.