"I think what’s interesting, Tom and Ken, is not just what’s happening in Egypt, but what hasn’t happened outside Egypt. Bill Gross brought that up in our investment committee. For example, and you were all mentioning this earlier, you haven’t seen the flight to quality that you would expect, you haven’t seen the dollar strengthen. In fact, the dollar has weakened throughout this process. So we are also learning a lot about the global system because of this shock in Egypt."
— M. El-Erian on Bloomberg Surveillance, Feb 1.
