Surveillance: El-Erian Sees EM 'Perfect Storm'

Mohamed El-Erian, Bloomberg Opinion Columnist, describes the perfect storm facing emerging markets. Adam Posen, Peterson Institute for International Economics President, responds to Lawrence Summers's comment saying central bankers are too woke to tackle inflation. Vitor Gaspar, International Monetary Fund Fiscal Affairs Department Director, says central banks should look through the transitory increase in prices and conduct policy with a steady hand. Nadia Lovell, UBS Senior U.S. Equity Strategist, evaluates the resilience of economic reopening to supply chain disruptions, a jump in energy prices and the prospect of reduced central bank support. Ken Leon, CFRA Research Director, discusses better-than-expected trading results from Morgan Stanley, Bank of America and Citi. See omnystudio.com/listener for privacy information.