There's a common element among today's headlines—including the upcoming Brexit referendum, accusations of the Federal Reserve being inconsistent, the rise of negative nominal interest rates and “strange politics,” according to Allianz chief economic adviser Mohamed El-Erian. “If you run sophisticated market economies at low growth for a long time, and if the benefits of that growth go to a small segment of that population, strange things start to happen,” El-Erian said at a media briefing. Read the original story from InvestmentNews.
