“As a New York Jets fan, I despair of all the talk about the New England Patriots,” El-Erian (left) begins. “Yes, they have an amazing combination in Coach Belichick and Quarterback Brady; and yes, they have incredibly talented tight ends and, in Wes Welker, one of the most dedicated players in football. But do I need to keep on hearing about it over and over again; and must I constantly worry about what the Patriots mean for the wellbeing of my Jets?
“I desperately want to wish the Patriots away, but I cannot. They matter.”
As does Europe, he says. No matter how much investors would like to ignore the continent’s crisis, it’s impossible given its sheer size, and it’s not going away anytime soon.
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It should be noted the Patriots had three Super Bowl championships in the last decade; the Jets’ last championship was led by a guy in pantyhose (Joe Namath) in 1969. El-Erian fails to mention how this plays into his argument.