From Newsmax:

Pimco CEO and co-CIO Mohamed El-Erian says the world's economies are at a tipping point.

"Rather than a traditional bell-shaped distribution curve for advanced economies, the world is now increasingly facing what can be best characterized as a bimodal distribution -- one can think of it as like the back of a two-humped camel," El-Erian writes at CNN.

Within the next few years, says El-Erian, a tipping to one of the two extremes of the distribution is more likely -- either into the good equilibrium involving the restoration of conditions for sustainable growth, meaningful job creation, and orderly financial rebalancing; or into...

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