Secular Outlook

Seeking to Prolong U.S. Expansion

Many of the restraints on U.S. growth have faded, and by early next year, inflation is set to reach the Fed’s target and unemployment is likely to drop below 5%. However, the long-term potential growth rate continues to fall due to demographics and l

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Viewpoints

Asian Credit: Value or Trap?

Raja Mukherji, PIMCO portfolio manager and head of Asian credit research, surveys fundamentals, technicals and valuations in the Asian credit markets and concludes that current conditions argue for more defensive positioning.

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