Mohamed El-Erian says private credit stress is flashing signs of a 'classic contagion phenomenon'

Nordin Catic/Getty Images For The Cambridge Union

• Mohamed El-Erian said he's watching stress in the private credit markets.
• Liquidity has emerged as a worry, and El-Erian says he sees contagion risk.
• Investors are weighing private credit woes, oil prices, and AI fears.

Famed economist Mohamed El-Erian says the headlines swirling around the private credit market suggest a "classic contagion phenomenon" may be brewing.

The former PIMCO chief investment...