Financial Engineering Is Resembling Pre-Crisis Era, Pimco Warns
The rapid expansion of complex credit structures is reminiscent of the buildup ahead of the global financial crisis, Pacific Investment Management Co.’s Dan Ivascyn warned.
By Emily Graffeo, Davide Barbuscia · Bloomberg Markets
The rapid expansion of complex credit structures is reminiscent of the buildup ahead of the global financial crisis, Pacific Investment Management Co.’s Dan Ivascyn warned.