Market has gone 'too far' at pricing in Fed rate hikes, says Mohamed El-Erian

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Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, joins CNBC's 'Squawk Box' to discuss the Federal Reserve's upcoming interest rate decision, markets and more.

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elerianm SOCIALIST HITLER. COMMUNIST STALIN. MARXIST MUSSOLINI. HITLER WAS A SOCIALIST. STALIN WAS A COMMUNIST. MUSSOLINI WAS A MARXIST. ALL WERE FASCISTS. ALL WERE LEFTIE WEFTIES- NOT RIGHTWING. LEFTWING. NOT RIGHT. WHOSE FASCIST TEAM ARE THEY ON? HITLER'S, STALIN'S OR MUSSOLINI'S?

elerianm Doğru demiş açıklandıktan sonra gap tekrar borsalarda artış yönünde kapanacaktır orada. Çünkü mesele istihdam 😎

elerianm What's a CNBC?

elerianm No one knows consequences of unwind during massive inflation, building shortages. Keep it simple.

elerianm … and the short-sellers wings got burnt by the fed willing to tame the economy.

elerianm But is the market begging for rate hikes better than being horrified by them

elerianm inflation from overheating economic growth is not the problem. Inflation from reckless FederalReserve and congress policies/law last 20 years is the problem. Hiking rates, which the lawyer in charge of Fed, seems to favor, will just make a bad problem worse. Winter is here.

elerianm Interest rates are only part of the problem. The Balance sheet is a far bigger issue.

elerianm You have been waiting for this for too long, pausing to double up now?!

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