Quote by Mohamed El-Erian
Americas downgrade may serve as a wakeup call for its policymakers

Americas downgrade may serve as a wakeup call for its policymakers. It is an unambiguous and loud signal of the countrys eroding economic strength and global standing. It renders urgent the need to regain the initiative through better economic policymaking and more coherent governance. – Mohamed El-Erian

Other quotes by Mohamed El-Erian

Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility. – Mohamed El-Erian

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Hes an innocent in a lot of ways. Hes a very simple person who really doesnt have the resources or the strength, ultimately, to handle the situation. – Jared Leto

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I was in uniform for four years, and I know that heroism doesnt occur from taking orders, but rather from people who through their own willpower and strength are willing to sacrifice their lives for an idea. – Thor Heyerdahl

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