Economist Mohamed El-Erian: 'Actions have a difficult path ahead; cash is the best option for investors'

* The economist has recently increased his cash holdings, which can deliver 4-5% returns, according to the Financial Times
Stocks and bonds have a tough road ahead, with cash being the best option for investors sensitive to the latest bout of market volatility, according to renowned economist Mohamed El-Erian, Business Insider writes.

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