Business
In this episode, we dive into PIMCO’s newly released Secular Outlook and why we should expect a lower for longer scenario as the world tries to move past the COVID-19 pandemic. We discuss implications around 1) China’s continuing emergence as a global economic growth driver, 2) continued electoral pressures stemming from populism, 3) rising climate-related risks with respect to corporate governance and capital raising, and 4) technological disruptions. We also discuss opportunities and challenges for investing in today’s fixed income environment and why the pressures faced by the commercial real estate sector do not present the same systemic risks to the financial system versus what happened with subprime mortgages during the 2008 financial crisis.