Volatile markets that have soared off the financial crisis lows are now adjusting to a world of slower growth and multiple obstacles ahead, Pimco's Mohamed El-Erian told CNBC.
"We can dismiss this as noise or we can take them as signs of a paradigm change, of a regime change that is going on slowly but surely. What the markets have been doing over the last few weeks...they're starting to price that in," El-Erian said.
"We're starting to get people to realize that we're not in a 'V' anymore, (it's) more like a square root," he continued. "We're going to come back off (the bottom) and then we're going to level off at about 2 percent growth."
Read a write-up of these interviews here
Or watch the interview wideos:
"We can dismiss this as noise or we can take them as signs of a paradigm change, of a regime change that is going on slowly but surely. What the markets have been doing over the last few weeks...they're starting to price that in," El-Erian said.
"We're starting to get people to realize that we're not in a 'V' anymore, (it's) more like a square root," he continued. "We're going to come back off (the bottom) and then we're going to level off at about 2 percent growth."
Read a write-up of these interviews here
Or watch the interview wideos:
