Pimco is warning about a spike in defaults — How to position portfolios
Pimco is warning fixed-income investors to stay away from lower-quality credit, but sees plenty of opportunities in high-quality assets. The global asset manager, which has $2.27 trillion in assets under management, said in its 2026 outlook that the “credit loss cycle is upon us.” “After years of effortless returns, the default cycle is reasserting itself, […]
How to Lose a Decade by Erik Berglöf & Nahom Ghebrihiwet
While a backlash against globalization has been gathering steam for a while, trade has so far held up well. But with US President Donald Trump imposing sweeping tariffs on trade partners, which are moving to retaliate, this might be about to change, with dire consequences for developing-economy growth and decarbonization. BEIJING – The 2020s are […]