PGIM Fixed Income - Following in Japan's Footsteps: Have the U.S. and Euro Area Seen a "Lost Decade"?
When the Japanese financial bubble burst in the early 1990s, the resulting developments looked idiosyncratic and unusual to analysts elsewhere in the world. Now, more than 25 years after the bursting of the bubble, the Japanese experience looks much less idiosyncratic. The U.S. and Europe, in the aftermath of the global financial crisis, seem to be experiencing many of the same headwinds that Japan did two decades ago. In our comparison of the experiences of these three major economies, we draw some conclusions about what may lie in store for the U.S. and euro area economies.
Watch: U.S. Tax Reform - Global Implications
Nathan Sheets, Chief Economist and Head of Global Macroeconomic Research, PGIM Fixed Income discusses the global implications of the tax legislation and the potential impacts to fixed income investors.
PGIM Fixed Income - Global Macro Matters: From Greece to Bondholders with Love
Greece’s ability to potentially exit its bailout program in the summer of 2018 is a nod to both the progress made during early reviews of the ESM-financed adjustment program and that the political interests of all parties are aligned, for once. As a result, bondholders are likely to benefit from the establishment of a cash buffer that could meet the government’s financing needs for the foreseeable future.
PGIM Fixed Income - Can we predict the next market crash?
Although the Global Financial Crisis (GFC) of 2008 is almost a decade behind us, its ghost continues to haunt the investment landscape, particularly as risk markets reach new highs. For those searching for signs of the next crisis, the bricks in their wall of worry include, amongst others, high debt levels, tighter central bank policies, a hard landing in China, and heightened geopolitical uncertainty.