Economics
Pimco’s Seidner Says It’s Time to Give ‘The New Normal’ a Rest
- Post-crisis period may be ‘the old, old normal,’ he says
- Seidner sees U.S. economic comeback stretching to 2022
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It may be time to scrap the oft-used phrase ‘the new normal.’ So says Marc Seidner of Pacific Investment Management Co.
“Pimco often gets credit for coining the phrase ‘the new normal’ coming out of the financial crisis,” Seidner, the firm’s chief investment officer for non-traditional strategies, said in a webcast Friday organized by Boston College’s Carroll School of Management. “I’m actually getting pretty sick of the phrase.”