Pimco expects rising volatility, but sees positives

Financial market volatility will increase amid growing economic deterioration over the next year, although the positive impact of that will be fiscal union in the eurozone, argues Pimco. Marc Seidner, generalist portfolio manager for the US house, believes such integration is only achievable after conditions get worse, forcing European politicians to make difficult choices. “Our base case is that volatility increases and financial markets and economic conditions worsen amid the …