M

Mohamed El-Erian

President at Queens'​ College, Cambridge

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Data Post Further to the earlier post, US retail sales fell 16.4% in April (16.2% ex autos and gasoline), month-on-month--the largest drop in a data series that started in 1992 (the last record having been set a month ago -- 8.7% fall). The April drops are larger than consensus expectations. More to follow. #economy #retailsales …see more

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