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Our guest today is Dr. Mohamed El-Erian. El-Erian is chief economic advisor at Allianz, the parent of Pimco, where he formerly served as chief executive and co-chief investment officer, and president-elect of Queens’ College, Cambridge University. He first joined Pimco in 1999 and was a senior member of Pimco's portfolio management and investment strategy group. He rejoined the company at the end of 2007 after serving for two years as president and CEO of Harvard Management Company.