INSUBCONTINENT EXCLUSIVE:
By Andreea Papuc and Ruth CarsonPacific Investment Management Co
sees a 70 per cent chance the world economy enters a recession over the next five years as ultra-loose monetary policy from the United
States to Europe comes to a halt.
Marc Seidner, chief investment officer of non-traditional strategies at Pimco, warned investors should
expect increased volatility as monetary easing turns into monetary tightening
With traditional assets expensive, they can find some shelter in private markets, Seidner, who has more than 30-year investment experience,
If we were trying to look for historic analogues to the current environment in terms of monetary policy and possible unwind in the period to
demand and the impact of tax cuts
The Federal Reserve remains on track for further interest-rate hikes this year, despite a meltdown in emerging markets, rising geopolitical
risks and mounting political headaches for the Trump administration.
The United States yield curve, as measured by the gap between 2-year
investment decisions in the current environment of low interest rates, unattractive credit spreads, high equity valuations and flat yield
curves, Seidner said.
One bright spot is private credit in areas such as direct lending, stressed and distressed corporate loans, as well as
real-estate focused offerings including non-qualified United States mortgages and commercial development loans in the United States and
manager oversees $1.7 trillion in assets, according to its website.
