Mohamed El-Erian's Guide to Global Investing

Meanwhile, policy makers have been thrown into "crisis management" mode. By necessity, they are implementing consequential policy measures on the fly and piecemeal, rather than in a comprehensive and planned manner. And politicians have started the process of trying to identify and hold accountable those that they perceive as responsible for "losing" a global financial system that has served us all so well for a large number of years.

When Markets Collide suggests that the issues facing the system are not subject to a simple "reset button." Indeed, rather than settling down quickly through some conventional "reversion to the mean," the dislocations are creating new realities on the ground that have profound economic and institutional implications for investors.

By delving deep into the fundamental forces driving today's structural transformation, When Markets Collide suggests that every level of the economic and financial chain faces some consequential retooling challenge: individual investors, financial firms, governments, and multilateral mechanisms. It provides insights as to the nature of the retooling challenges, and components of the appropriate response.

In the case of investors, the focus is on such issues as the right asset allocation going forward, the appropriate choice of investment vehicles to implement this allocation, and the components of responsive risk management.

When Markets Collide concludes by arguing that it is both urgent and important for investors to act of each of these issues. Indeed, the major question is not whether investors will end up by doing so. They will. The real question is whether they will do so proactively, or will an inherently disorderly process be forced on them by changing market realities.

Mohamed El-Erian on TheStreet.com TV: Colliding Markets, Smashing Profits

To watch the video, click the player below:

To hear more from El-Erian on TheStreet.com TV, don't miss PIMCO Chief Grades Bernanke, Paulson, where he assesses Federal Reserve Chairman Ben Bernanke's performance during the credit crisis and explains why Alan Greenspan is not to blame for the financial meltdown.

1 What would best describe your stance heading into the coming week of trading? Bullish Bearish Neutral 2 Which of these sectors do you think is set to move up in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities 3 Which of these sectors do you think is set to move down in the coming week? --Choose One--Aerospace and DefenseAirlinesAutomobilesBeverages and Food ProductsBiotechnologyCommercial BanksComputers and PeripheralsConsumer NondurablesEnergy Equipment & ServicesHMOs and HospitalsHomebuildingInsuranceIntegrated OilInternet, Software ServicesInvestment Bankers and BrokersMediaMultiline RetailPharmaceuticalsPrecious MetalsSemis, Semi EquipmentTelecom EquipmentTobacco and AlcoholWireless CommunicationsUtilities View the results without voting