As the global trade paradigm shifts, countries are reassessing old economic configurations.
Consider, that with the United States retreating from free trade, developed market economies can now expect the contribution from net trade to economic growth to decline in the coming years. Indeed, those same economies will now need to chart a different course as the degree of access to U.S. markets has changed dramatically.
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In today’s episode, special guest Mark Jarosz, and your host, Zayla Saunders, take us to the top of the cash flow waterfall to provide must-know answers to your collateralized loan obligation, or CLO, questions. They delve into everything from their history to the intricacies of how they work. Zayla Saunders is a Senior Associate of Online Distribution at BMO Global Asset Management (GAM). She is joined on the podcast by Mark Jarosz, Lead, Private Credit, Alternatives, at BMO GAM. The episode was recorded live on Wednesday, May 21, 2025.
A full reprieve from an all-out U.S.-China trade war may prove short lived, and we are cautious about whether the terms agreed to will guide the course of additional trade agreements between the United States and other countries. In our view, the U.K.-U.S. pact is also less informative, once you review the details.