๐ฅ PIMCO: the world is "rupturing" โ 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 โ and bonds that, for the first time in years, pay like stocks (5โ7%).
Full breakdown with charts in the PDF ๐
#macro #PIMCO #bonds #recession
๐ฅ PIMCO: the world is "rupturing" โ and markets are underpricing it
1 ืงืืืฅ ืืฆืืจืฃ ืืคืืกื ืื โ ืืืื ืืืคืืืงืฆืืืช ืืืืจื.