Mohamed El-Erian, the Chief Economic Advisor at Allianz, echoed an analogy made by renowned economist and Ford School Professor Justin Wolfers. The analogy compares the recent financial market meltdown to a toddler tantrum, emphasizing unpredictability and emotional swings. What Happened: On Monday, El-Erian took to X to reflect on Wolfers’ analogy. Wolfers, in an opinion piece for The New York Times, likened the financial market meltdown to a toddler tantrum, citing unpredictability, volatility, and impulsive behavior as common traits. El-Erian quoted Wolfers’ piece, “They’re unpredictable, v…
