π₯ PIMCO: the world is "rupturing" β and markets are underpricing it
A 5-year outlook from former Fed Vice Chair Richard Clarida: up to $14T flowing into AI and defense, a returning wave of defaults, a U.S. equity risk premium near zero β and bonds that, for the first time in years, pay like stocks (5β7%).
Full breakdown with charts in the PDF π
#macro #PIMCO #bonds #recession
π₯ PIMCO: the world is "rupturing" β and markets are underpricing it
1 file is attached to this post β visible in the Telegram app.