El-Erian: U.S. Economy Can Handle Rising Yields, 'Markets Cannot'

The transcript discusses the distinction between economic resilience and market vulnerability, emphasizing the impact of low yields on stock prices and the emergence of alternatives. It highlights the potential risks of financial volatility and market accidents, particularly if the economy heats up and yields rise quickly. The conversation also touches on the importance of monitoring excessive risk-taking in financial markets.

How do low yields impact stock prices according to the text?

What is the significance of the 'Tina phenomenon' mentioned in the text?

What does the speaker suggest about the relationship between financial volatility and the economy?

What are the two risks identified that could affect the market?

What potential market accident is mentioned, and what could trigger it?