M
Mohamed El-Erian
President at Queens' College, Cambridge
2417012 followers
The Wall Street Journal on "giant companies...husbanding cash, cutting costs and tapping debt, all moves that bolster their resilience amid persistent uncertainty." The risk is that this transitions in a big way to a "trickling up" of layoffs as large companies "re-size"/"right-size" for the dreaded New Normal 2.0. https://lnkd.in/gifchFJ #economy #markets #debt #cash #newnormal
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