{"id":25705,"date":"2011-04-18T20:14:41","date_gmt":"2011-04-18T20:14:41","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/mohamed_el-erian_a_warning_for_the_us_and_for_the_global_economy\/"},"modified":"2011-04-18T20:14:41","modified_gmt":"2011-04-18T20:14:41","slug":"mohamed_el-erian_a_warning_for_the_us_and_for_the_global_economy","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=25705","title":{"rendered":"(FT) Mohamed El-Erian: A warning for the US, and for the global economy"},"content":{"rendered":"<p>This is a timely reminder of the seriousness of America\u2019s fiscal issues, for the country and for the rest of the world.<\/p>\n<p>The continued failure to come up with a credible medium-term fiscal reform program would increase borrowing costs for all segments of US society, thereby undermining investment, employment and growth. It would also curtail foreigners\u2019 appetite to add to their already substantial holdings of US assets. And it would weaken the dollar.<\/p>\n<p>The US also risks eroding its standing at the core of the global monetary system.<\/p>\n<p><a href=\"http:\/\/ftalphaville.ft.com\/blog\/2011\/04\/18\/548821\/el-erian-a-warning-for-the-us-and-for-the-global-economy\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is a timely reminder of the seriousness of America\u2019s fiscal issues, for the country and for the rest of the world. The continued failure to come up with a credible medium-term fiscal reform program would increase borrowing costs for<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=25705\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,670,595,592,149,617,616,151,667,618,585,596,669,584,672],"tags":[],"class_list":["post-25705","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-budget","category-credit-markets","category-currency-markets","category-economy","category-house-of-representatives","category-office-of-the-president","category-politics-in-general","category-president-barack-obama","category-senate","category-the-banking-systemsector","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-national-deficit","category-the-u-s-government","category-the-united-states-currency-dollar-etc"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/25705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25705"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/25705\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}