Mohamed A. El-Erian
Scott A. Mather
Investors in the eurozone will continue to face difficult choices as credit and economic risks rise.
Saumil H. Parikh
Tony Crescenzi, Ben Emons, Andrew Bosomworth, Lupin Rahman
William H. Gross
Marc P. Seidner
Investors should increasingly be wary of the three R’s that impact investment outcomes today and in the period ahead: Recession, Repression and Risk.
We believe that a number of forces have converged to increase the likelihood of multiple equilibria in the market, resulting in distribution curves that could have fatter tails and less symmetry than traditional models.
No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Pacific Investment Management Company LLC, 840 Newport Center Drive, Newport Beach, CA 92660, 800-387-4626. ©2013, PIMCO.
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