"The (financial) system is trying tell us something and we need to listen, because the road we are on right now is probably going to end within the next few years."
The current unconventional monetary policy have decreased financial volatility and created low growth.
The world economy is slowing. And central banks do not have the will or ability to control volatility.
Within the next 3 month, we will see increased financial volatility.
This is because the benefits of unconventional monetary policy will decrease versus the costs/risks of continuing these policies.
50-50 chance of economic collapse.
We need a new growth model.
This is Obama's Economic Advisor, Mohamed El-Erian.