El-Erian: The Titanic Risks of the Retirement System

The transcript discusses the risks associated with the retirement system, emphasizing the challenges in selecting the right investment managers in a zero-sum world. It highlights the impact of low returns on portfolios and the high demand for stable cash flows. The discussion also covers market conditions, particularly in Germany and the UK, and the implications of low actuarial assumptions on retirement. The Solow model is referenced to explain the relationship between profit investment rates and GDP growth, stressing the need for economic restructuring.

What are the risks associated with the retirement system as mentioned in the text?

What investment strategies are suggested for navigating the current market conditions?

What is David Goldman's new actuarial assumption regarding retirement returns?

Discuss the implications of a 3% return on retirement plans as highlighted in the text.

How does the current economic structure affect the rate of profit investment according to the Solow model?