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Because in the New Normal you are more worried about the return of your capital, not return on your capital.
Mohamed El-ErianAbout author
- Author's profession: Businessman
- Nationality: egyptian
- Born: August 19, 1958
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He has given ample evidence of qualities hardly any other living statesman has demonstrated to the same degree: the courage to look facts in the face and to seek flexible solutions, respect for others, give-and-take in dialog situations, absence of hypocrisy, a complete absence of grandeur in the conduct of his personal life. He has never been driven by blind self-assertion to make absurd decisions.
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