Mohamed El-Erian explains the T junction the U.S. economy faces

Mohamed El-Erian, CEO of Pacific Investment Management Co., compared the challenges the U.S. economy faces in the next five years to a T junction in a road. The country must make policy decisions that will take it to either growth or instability.

Crain Recommended for You
A key and a piece of paper that says 401(k).
In-plan annuities more attractive to those whose 401(k)s are major retirement source — Nuveen, TIAA
Three money bags with dollar signs on them.
DC plans try to retain retirees, ex-employees' assets to gain more bargaining power — Callan
Patrick Wisdom
Most DC execs oppose alternatives investments in target-date funds