Morningstar's Investor Conference in Chicago may have echoed with many of the same old solutions of the past, but for those who listened carefully to Mohamed El-Erian's message, "This time it's different."

El-Erian, who is co-chief executive and co-chief investment officer at PIMCO, warned investors that the economic volatility that plagued the market this year should not be taken lightly or as some sort of fleeting rarity.

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