"This is what the demise of private credit is going to look like," warns one expert, while another points to "volatility laundering" where funds mask underlying risks to provide seemingly stable returns.
The tape The Julia La Roche Show · Aug 15
“And what I would tell people is this is what the demise of private credit is going to look like. It's going to be a big mess and it's going to take years to unwind. Uh, there's probably fraud involved in many of these aspects.”
8:13 / --:--
Odd Lots · A Historic El Niño Is Coming That Could Cost the World TrillionsAug 14
A record-breaking El Niño event is coming, and new research shows its impact isn't temporary. Experts warn it will systematically depress growth trajectories, with the 1997-98 event alone causing an estimated $5.7 trillion in global economic losses.
Bloomberg Surveillance · Market Choppiness Ahead of Fed and EarningsJul 28
Infrastructure Capital Partners' Jay Hatfield slams the central bank for "living in the past," arguing that its inflation data is based on "horrible, horrible indicies that are complete fantasy."