Subscriber's Comment - private market asset accumulation and leverage, bitcoin post halving, Consumers credit demand boosted by pandemic lifestyle creep.
Outlook for private markets – This slide deck by Torsten Slok for Apollo may be of interest.
Here is an interesting graphic showing the last 12 months of downgrades and defaults in the leveraged loan sector:
My view – Two things immediately spring to mind in perusing this report. The first is that two thirds of the report focus on how much money the priva…