Ammunition Quote by Mohamed El-Erian
![“[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower.” quote by Mohamed El-Erian](https://sms4smile.com/quotes/img-quotes/b4b/mohamed-el-erian-19946_ammunition_when-the-market-is-trying-to-get-to-term_2303317.jpg)
“[When] the market is trying to get to terms with, first, lower global growth, particularly out of emerging markets and China. And, second, the market is worried the central banks have run out of ammunition. So put these two things together, and then investors are repricing the market lower.”
![“Once you start moving [market] lower, then you trigger of all sorts of things. You trigger people who have to sell because they're over-levered. So they sell their winners and their losers. They're just trying to raise cash. So, what you then get is spreading malaise throughout the global markets.” quote by Mohamed El-Erian](https://sms4smile.com/quotes/img-quotes/6aa/mohamed-el-erian-19946_cash_once-you-start-moving-market-lower-then_2764402.jpg)
