One Man’s Opinion: Will Upstream Oil And Gas Companies See A Wave Of Defaults In The Near Future?

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The US economy is doing about 2.5 percent real growth and 4.5 percent nominal growth with the labor market tightening pretty dramatically, said Mark Kiesel, Global Head of Corporate Bond Portfolio Management at PIMCO. The decline in domestic inflation is transitory and PIMCO agrees with Fed Chair Janet Yellen that US inflation is headed towards the 2 percent target. In …