And there's no reason to think they're wrong this time either.
Wouldn’t that equally mean there’s no reason to think they’re right this time, either?
I wouldn’t really call El-Erian a pundit. He was CEO of PIMCO, one of the largest fixed income management firms in the world.
I don't think he's necessarily wrong, but he's been saying this same thing for around 10 years now. At some point it's like Nostradamus saying a "A king will rise in the east one day.."