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Jobs Report Is Good News for Economy: El-Erian

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Allianz Chief Economic Adviser and Bloomberg Opinion columnist Mohamed El-Erian says the November US jobs report is good news for the economy and the market has to think very carefully about the amount of interest rate cuts it’s pricing in for next year. He’s on “Bloomberg The Open” with Rick Rieder, BlackRock CIO of global fixed income.

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18 Comments

18 Comments

  1. @joealonzo536

    December 12, 2023 at 7:38 pm

    🙉The key to knowing the state of the economy. Question: Can I afford in the Biden administration what I could afford in the last administration? And the answer is: NO, you cannot. If you are living your life on credit, you do not even own your life.

  2. @ClassicFIHD

    December 12, 2023 at 7:38 pm

    National average for gas (gasbuddy) on the day Bungling Biden took office was $2.25.

  3. @ClassicFIHD

    December 12, 2023 at 7:38 pm

    Writers Guild of America strike ended in October, they went back to work.

  4. @jaemoon3593

    December 12, 2023 at 7:38 pm

    El-Erian was advocating for 3% inflation target. Or being critical of Fed. Meanwhile complaining that Fed didn't have a strategy.

  5. @miken7629

    December 12, 2023 at 7:38 pm

    No one deserves any credit for jobs numbers, this is a once in a lifetime fluke where Boomers, which make up 20% of the population, are retiring en masse creating job openings and job advancements all through the workforce as positions are filled. Boomer generation is creating a once in a lifetime opportunity for anyone that wants a job. Boomers, while only 20% of population (76 million people) own over 50% of the assets in USA, this is the way it should be because we have worked a lifetime and have more assets at the end of our careers than at the beginning. As Boomers start dying off en masse in 10-15 years, that 50% of assets will be passed on to our heirs, collectively trillions of dollars, so expect an economic boom in 2030's as Boomers inheritance gets distributed and spent/invested.

  6. @williamwallace6508

    December 12, 2023 at 7:38 pm

    hes been wrong for years

  7. @briantep458

    December 12, 2023 at 7:38 pm

    keep rates where they are, im good with single digit S&P returns

  8. @Infinite_P

    December 12, 2023 at 7:38 pm

    I am sure this jobs report was cooked to perfection and there will very no crazy revisions. We have amazing chefs.

  9. @drscopeify4582

    December 12, 2023 at 7:38 pm

    Its so funny how the market forces are like a horde they run in any given direction blindly. Things start to weaken a bit so they all rush to one side, then new data shows otherwise and the all rush to the other side…. Its just very entertaining to watch

  10. @Ebanaitamognaichozaderimonarin

    December 12, 2023 at 7:38 pm

    Когда вы все друг друга истребите ,а зачем вы все страны оружие производите ,без плена и капитуляций?!?!?

  11. @erichvonmolder9310

    December 12, 2023 at 7:38 pm

    Mr. El-Erian is positive? Stop the presses!

  12. @aishaalamoudi599

    December 12, 2023 at 7:38 pm

    soft landing.

  13. @2023gainer

    December 12, 2023 at 7:38 pm

    The AI sector hiring due to stronger global demand. * SOUN.. 20 % Increase month.. SoundHound. Now 220 Institutional Investors. EBITDA Up 57 % in 3rd qt. New Acquisition plans announced of SYNQ3 Restaurant Solutions adding 100,000 restaurant locations for Voice AI tech…* BBAI.. Big Bear AI….* NVDA.. Nvidia….* PLTR… Palantir.. AI Sector Winning in 2024.?

  14. @georgemaximus694

    December 12, 2023 at 7:38 pm

    Jobs report is good for the economy as long as it’s funded by government debt and household debt. The house of cards crumbles if these debt don’t get repaid. So just keep piling on these debt and we’re going to be just fine.

  15. @ssuwandi3240

    December 12, 2023 at 7:38 pm

    Exceptional Government Debts indeed

  16. @paulrobbo321

    December 12, 2023 at 7:38 pm

    Rick "U turn" Rieder

  17. @peterdangelo5882

    December 12, 2023 at 7:38 pm

    Cuts ? Let see this growth for 5 or six months. No reason to stimulate this economy

  18. @user-nc9pc3gr4c

    December 12, 2023 at 7:38 pm

    rate hikes haven't kicked in yet

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Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today’s guests: KKR Partner, Head of Global Macro & Asset Allocation Henry McVey and BNY Wealth CIO Alicia Levine.

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