27 Jan 2017 The ‘New Anything But Normal’

Following the financial crisis of 2007-2008, in 2010, PIMCO CEO Mohamed A. El-Erian delivered a lecture entitled "Navigating the New Normal in Industrial Countries." The thrust of his talk was to warn investors, economists, and policy makers not to expect, as many did, economic growth to return to pre-crisis levels. The extent of damage done to the economy through an increasing drag of reactionary regulations and skyrocketing government debt, not to mention distrust of the system would take years, or decades to reverse.