Pimco Sees 'Age of Disruption' in New Secular Outlook

The video discusses the end of an era of financial asset outperformance and the onset of economic disruption. It highlights the risks of extrapolating past market conditions into future forecasts, emphasizing the reduced power of central banks. A mild recession is expected, with a sluggish recovery due to limited fiscal and monetary tools. The video also explores market vulnerabilities, particularly in the credit market, and the lack of hedging options for risky assets.

How might the upcoming recession differ from previous ones based on the current economic indicators?

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What vulnerabilities exist in the current credit market as discussed in the text?

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