In this book, Dr. El-Erian focuses on the changes taking place in the world economy. It is a big picture executive summary of the evolution taking place in world of finance across the globe. The author attempts to emphasize these changes by saying that these are signals and not noise. He then goes on to provide a framework for future investments and/or asset allocation.

At hindsight, this book may appear to be chaotic hodge-podge of multiple topics which does not provide any benefits to the average main street investor. It may seem to be oriented towards institutional financial managers; however, there is a lot one can learn from this book. As every coin as two sides, this book also has its positives and negatives. Putting the negativity aside, I viewed it in the context of broad overview and framework alone and not as a workbook for investments. I think that was author’s objective.

In this book, El-Erian is discussing three major themes in world financial markets, which are: Continue reading rest of this article…