Pimco Says ‘Credit Loss Cycle’ Has Begun, Favors Quality Bonds
Pacific Investment Management Co. is warning that the “credit loss cycle is upon us” as heavy spending on artificial intelligence could widen economic outcomes and hit lower-quality borrowers.
By Michael MacKenzie, Davide Barbuscia · Bloomberg Markets
Pacific Investment Management Co. is warning that the “credit loss cycle is upon us” as heavy spending on artificial intelligence could widen economic outcomes and hit lower-quality borrowers.