El-Erian: 'Something Big' on Both Sides of the Atlantic

The transcript discusses the impact of political events, particularly the election of Donald Trump, on financial markets. It explores the potential effects of Trump's policies on the yield curve, equity markets, and Treasury markets. The discussion also covers global economic shifts, the role of central banks, and the potential for a shift in economic policy control from central banks to the administration. The transcript concludes with potential strategies for economic growth under Trump's administration, emphasizing the importance of fiscal expansion and trade policy.

What are the implications of a steeper yield curve for investors?

How does the current political climate affect central banks' ability to maintain market order?

What strategies should President Trump pursue to promote economic growth?