Bond Vigilantes, Game Theory, And Why The US Shouldn’t Go It Alone - Ep209: Mohamed El-Erian
Have the bond markets become a new form of global governance? Are we witnessing the end of US economic exceptionalism? And how does game theory relate to cooperation on net-zero?
This week on Cleaning Up, Bryony Worthington sits down with renowned economist Mohamed El-Erian to unpack the complex intersections of global finance, politics, and climate change.
El-Erian offers insights into the current economic landscape, exploring how central banks, trade tensions, and technological innovations are reshaping our understanding of international economics.
From the rise of China's green technology sector and the scrapping of Canada’s carbon tax to bond vigilantism and the potential long-term consequences of US trade policy, this episode provides a nuanced look at the challenges and opportunities facing the global economy in an era of unprecedented uncertainty.
Leadership Circle:
Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, Alcazar Energy, Davidson Kempner, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation, SDCL and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.live.
Find more:
• Mohamed’s website: https://www.mohamedel-erian.com/
• How China Became a Green Finance Superpower - Ep160: Dr. Ma Jun – • How China Became a Green Finance Superpowe...
Chapters:
00:00 - Coming Up
00:58 - Intro
03:20 - Risks to the Global Economy
05:10 - Liberation Day
06:50 - Tariffs
08:50 - Bond Market Failure
10:40 - Global Governance
15:45 - How Central Banks Collaborate
20:14 - A New Paradigm
23:00 - Unfair Trade Relationships
27:00 - China Flooding The Markets
29:00 - Why Europe Was Slow
32:00 - Game Theory
35:20 - Hidden Subsidies
37:30 - Best Job Ever
39:00 - Widening the Talent Pool
40:50 - Outro